Immersion Co. Plans Quarterly Dividend of $0.05 (NASDAQ:IMMR)

Immersion Co. (NASDAQ:IMMR) declared a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Shareholders of record on Monday, April 14th will be given a dividend of 0.045 per share by the software maker on Friday, April 25th. This represents a $0.18 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Monday, April 14th.

Immersion Price Performance

IMMR stock opened at $7.44 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 0.94. Immersion has a one year low of $7.06 and a one year high of $13.94. The stock has a market cap of $240.13 million, a PE ratio of 2.66 and a beta of 1.55. The firm has a 50 day simple moving average of $8.36 and a two-hundred day simple moving average of $8.63.

Immersion (NASDAQ:IMMR) last released its quarterly earnings results on Wednesday, March 12th. The software maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.33. The business had revenue of $474.76 million during the quarter, compared to analysts’ expectations of $9.45 million. Immersion had a net margin of 11.79% and a return on equity of 28.08%. On average, analysts predict that Immersion will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

IMMR has been the subject of a number of recent research reports. Craig Hallum lowered their price objective on shares of Immersion from $14.00 to $11.00 and set a “buy” rating for the company in a report on Thursday. BWS Financial restated a “buy” rating and issued a $13.50 price objective on shares of Immersion in a report on Thursday.

About Immersion

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.