Acacia Research Corporation (NASDAQ:ACTG) Updates On Dividend Release Date


On 2015-10-23, Acacia Research Corporation (NASDAQ:ACTG) confirmed the dividend disbursement of $0.125 a share to shareholders as on record 2015-11-06. The firm will release dividend on 2015-11-30 while ex-dividend date is reported to be 2015-11-04.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Acacia Research Corporation (NASDAQ:ACTG) paid a total of $0.125 per share in dividends. This figure stood at $0.125 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $6.666 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $7.5 and $6, respectively.

Taking the mathematical rating formula, the price for Acacia Research Corporation (NASDAQ:ACTG) stands at 2.33. Earnings Review Acacia Research Corporation (NASDAQ:ACTG) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-27. For the period ending on 2016-09-30, experts are expecting EPS of $0.02.

Coming to the quarter ending on 2015-12-31, Acacia Research Corporation (NASDAQ:ACTG) recorded EPS of $0.2. The reported numbers came lower than the analysts’ estimates of $0.02, demonstrating a miss of $0.18 as against reported figures.

Shares of the Acacia Research Corporation (NASDAQ:ACTG) traded in the range of $6.18 to $6.3 and closed the last trading session at $6.27 on a volume of ((Volume:238}}.

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