WILMINGTON, Del., Jan. 28, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq:IDCC), a mobile technology research and development company, today announced that the company's stock will be added to the NASDAQ US Buyback Achievers Index. The Index is comprised of United States securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months.
InterDigital has a very strong history of returning value to shareholders, through a variety of means including buybacks, a regular dividend and special dividends. Currently, the company is executing on a $300 million buyback authorization announced in June 2014, at which time the company also doubled its regular dividend. Upon completion of the current buyback authorization, InterDigital will have repurchased approximately 50% of all the shares of the company that were ever outstanding.
The NASDAQ US Buyback Achievers Index is tracked by an ETF with the ticker PKW. The addition of InterDigital to the Index will be made prior to the start of trading on February 2, 2015.
InterDigital develops technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
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