Immersion Corporation dividend – IMMERSION CORPORATION Announces Special Dividend & Approves $50M Stock Repurchase Program for 2023
January 4, 2023
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Immersion Corporation ($NASDAQ:IMMR) is a publicly traded company that specializes in the development and commercialization of interactive haptics technology. The company’s products are used in a variety of consumer-based products, such as gaming consoles, virtual reality systems, and mobile devices. Recently, the company has announced a special dividend of $0.10 per share, payable on January 30 to shareholders of record as of January 15, with the ex-dividend date set for January 12. In addition to the special dividend, Immersion Corporation has also approved a stock repurchase program of up to $50 million for 2023. This program is designed to add long-term value for shareholders by helping to maintain and enhance the company’s capital base. Through this program, Immersion Corporation will be able to purchase up to $50 million of its common stock from time to time at market prices. Shareholders are encouraged to consult their financial advisors and review the IMMR Dividend Scorecard, Yield Chart, and Dividend Growth to better understand the terms of the special dividend and stock repurchase program.
Additionally, investors may want to consider other options such as reinvesting the dividend or reinvesting in the company’s stock using a DRIP plan. The company is committed to returning capital and creating long-term value for shareholders, and this program is a step towards achieving that goal. With the implementation of this program, Immersion Corporation is poised to make significant strides in terms of shareholder value and long-term growth.
Market Price
The media coverage of the announcement has been positive, and the company’s stock opened at $7.2 and closed at $7.6 on Tuesday, a 7.7% increase from the prior closing price of 7.0. This announcement signals the company’s confidence in its long-term prospects for growth and profitability. The special dividend is a one-time payment to shareholders, and the $50M stock repurchase program will enable the company to buy back shares of their own stock from the open market. This buyback program will reduce the overall number of shares outstanding, which will benefit current shareholders by increasing the value of their stock and improving the company’s overall financial position. The dividend and stock repurchase program are both part of IMMERSION CORPORATION’s strategy to maximize shareholder value.
These initiatives will provide shareholders with a direct financial return while also signalizing their confidence in the company’s future prospects. Meanwhile, the company will be able to use the capital generated by these programs to further invest in its operations and acquire new assets. With the stock price trending upwards, investors should continue to remain confident in the company’s future prospects and strategy. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Immersion Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 39.04 | 12.3 | 31.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Immersion Corporation. More…
| Operations | Investing | Financing |
| 38.81 | -90.49 | -2.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Immersion Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 171.22 | 28.06 | 4.17 |
Key Ratios Snapshot
Some of the financial key ratios for Immersion Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | -30.6% | 62.6% |
| FCF Margin | ROE | ROA |
| 98.7% | 10.8% | 8.9% |
VI Analysis
Immersion Corporation is a medium risk investment, according to the VI Risk Rating. This rating is based on the company’s fundamental indicators, providing insights into its long term potential. The VI App has identified 4 risk warnings in the company’s income sheet, balance sheet, cashflow statement, and financial journal. In order to assess the company’s financial and business characteristics, an analysis of the income sheet is important. This helps to understand how efficiently the company’s revenue is being used. The balance sheet provides an overview of the company’s assets and liabilities, which are essential for understanding the company’s financial position. The cashflow statement helps to identify changes in cash and cash equivalents over time. Additionally, the financial journal provides an indication of the company’s liquidity and short-term cash flow. These fundamental indicators provide a comprehensive picture of Immersion Corporation’s financial health and long-term potential. Investors who are interested in learning more about this company can register with the VI App to gain access to detailed risk warnings and further analysis. More…
VI Peers
The competition among Immersion Corp, Inky Inc, Claranova SA, and Digitalist Group Oyj is intense. Each company is striving to develop the best technology and to provide the most user-friendly products. They are all fighting for market share and for customer loyalty.
– Inky Inc ($OTCPK:INKI)
Inky Inc has a market cap of 5.6M as of 2022. The company is a provider of email security and anti-phishing solutions. Inky’s technology uses artificial intelligence and machine learning to protect organizations from email-based attacks.
– Claranova SA ($LTS:0N6K)
As of 2022, Claranova SA has a market cap of 114.04M and a Return on Equity of 9.21%. Claranova SA is a leading provider of digital services and software. The company offers a wide range of products and services, including Claranova Connect, a digital platform that allows businesses to connect with customers and partners; Claranova Studio, a creative agency that provides branding, design, and marketing services; and Claranova Data, a data management and analytics platform. Claranova also provides a variety of software products, including Claranova Connect, Claranova Studio, and Claranova Data.
– Digitalist Group Oyj ($LTS:0KGR)
Digitalist Group Oyj is a provider of digital transformation solutions and services. It offers a range of services, including consulting, software development, and managed services. The company serves customers in a variety of industries, including manufacturing, automotive, retail, and healthcare.
Summary
Immersion Corporation recently announced a special dividend and approved a $50 million stock repurchase program for 2023. The news was met with positive media coverage and the stock price increased on the same day. This is an attractive investment opportunity for investors, as the company is rewarding shareholders through its dividend and buyback program. It is also encouraging that the company is actively looking to increase shareholder value by investing in itself.
It is a good indication of the company’s financial health and potential for growth. Investing in Immersion Corporation could prove to be a good long-term investment decision.
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