Immersion Corporation (NASDAQ:IMMR) Raises Dividend to $0.08 Per Share

Immersion Corporation (NASDAQ:IMMR) announced a quarterly dividend on Monday, December 8th. Shareholders of record on Monday, January 19th will be paid a dividend of 0.075 per share by the software maker on Friday, January 30th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, January 16th. This is a 66.7% increase from Immersion’s previous quarterly dividend of $0.05.

Immersion Stock Performance

Shares of IMMR stock traded up $0.22 on Monday, reaching $7.04. 797,216 shares of the company’s stock traded hands, compared to its average volume of 443,893. The company has a market capitalization of $228.07 million, a P/E ratio of 2.53 and a beta of 0.89. Immersion has a 12-month low of $5.65 and a 12-month high of $10.72. The business’s 50 day moving average price is $6.82 and its two-hundred day moving average price is $7.18.

Immersion Company Profile

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.