Network-1 Technologies, Inc. (NYSE American: NTIP) announced today that its Board of Directors has approved a semi-annual cash dividend of $0.05 per common share in line with its established dividend policy. This dividend of $0.05 per share is set to be disbursed on March 29, 2024, to all common stockholders on record as of March 15, 2024.
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The dividend policy of Network-1 undergoes periodic assessments by the Board of Directors, and it remains subject to adjustments based on Network-1’s earnings, financial needs, and other relevant factors at any given time. The determination of future semi-annual dividends, as well as the specification of upcoming record and payment dates, is contingent upon the final decision and discretion of the Board of Directors.
About Network-1 Technologies, Inc.:
Network-1 Technologies, Inc. is actively involved in the development, licensing, and safeguarding of its intellectual property and proprietary technologies. Collaborating with inventors and patent owners, Network-1 aids in the advancement and monetization of patented technologies. The company presently possesses ninety-nine (99) U.S. patents covering a range of telecommunications and data networking technologies, as well as technologies related to document stream operating systems, media content identification, and high-frequency trading.
Network-1’s ongoing strategy includes the pursuit of licensing opportunities for its intellectual property. The company is dedicated to acquiring and investing in high-quality patents, believing they hold the potential for substantial licensing opportunities, as exemplified by the success of its Remote Power Patent and Mirror Worlds Patent Portfolio. Notably, the Remote Power Patent has yielded licensing revenue surpassing $187,000,000 from May 2007 through September 30, 2023. Additionally, Network-1 has achieved licensing and other revenue amounting to $47,150,000 through September 30, 2023, in connection with its Mirror Worlds Patent Portfolio.
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