Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Announces Dividend of $0.05

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) declared a dividend on Friday, February 27th. Stockholders of record on Monday, March 16th will be given a dividend of 0.05 per share on Monday, March 30th. This represents a dividend yield of 675.0%. The ex-dividend date of this dividend is Monday, March 16th.

Network-1 Technologies Price Performance

NYSEAMERICAN:NTIP opened at $1.49 on Friday. Network-1 Technologies has a 12-month low of $1.16 and a 12-month high of $1.90. The stock’s fifty day simple moving average is $1.38 and its 200-day simple moving average is $1.44. The firm has a market capitalization of $34.00 million, a P/E ratio of -13.55 and a beta of 0.13.

Network-1 Technologies (NYSEAMERICAN:NTIP) last released its quarterly earnings data on Friday, March 13th. The company reported ($0.05) EPS for the quarter.

About Network-1 Technologies

Network-1 Technologies is a technology licensing company that focuses on the acquisition, development and monetization of intellectual property. The firm’s core business revolves around enforcing and licensing its patent portfolio to manufacturers and distributors of networking and power delivery equipment. By leveraging its proprietary technologies, Network-1 seeks to generate recurring revenue through negotiated licensing agreements and, when necessary, litigation to protect its patents.

The company’s principal assets consist of granted patents and patent applications related to Power over Ethernet (PoE) and network security technologies.