quarterhill inc, smart stock to buy with nice divident 1.Technology
Quarterhill (TSX:QTRH) trades at a deep discount ($1.85 per share) but pays a decent 2.65% dividend. The $211.73 million company provides tolling and enforcement solutions in the intelligent transportation system (ITS) industry. Its subsidiary, Wi-LAN Inc., is a leader in intellectual property licensing.
In the first half of 2022, total revenue (ITS and licensing) increased 456% to $212.37 million versus the same period in 2021. Notably, net income was $33 million compared to the $10.66 million net loss from a year ago.
Quarterhill’s CEO Bret Kidd said, “We expect our top-line and margin performance to improve in the future.” He added that even if the economy enters a prolonged recession, the company would continue to move forward because of the long-term infrastructure projects with stable customers.
www.fool.ca/2022/09/11/got-250-here-are-3-smart-stocks-to-buy-now-9/
- "the long-term infrastructure projects with stable customers" can ensure QTRH's continual growth momentum..
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2. We Really Like Quarterhill's Dividend
Overall, we think that this is a great income investment, and we think that maintaining the dividend this year may have been a conservative choice. The earnings easily cover the company's distributions, and the company is generating plenty of cash. However, it is worth noting that the earnings are expected to fall over the next year, which may not change the long term outlook, but could affect the dividend payment in the next 12 months. All of these factors considered, we think this has solid potential as a dividend stock.
simplywall.st/stocks/ca/tech/tsx-qtrh/quarterhill-shares/news/quarterhill-tseqtrh-has-announced-a-dividend-of-ca00125