Network-1 Technologies Approves Dividend Policy

Network-1 Technologies rose 4% in Friday’s mid-morning trade after the company said its board of directors has approved the initiation of a dividend policy as part of Network-1’s ongoing commitment to increasing shareholder value and return on investment.

The newly-adopted dividend policy provides for the payment of a regular semi-annual dividend of $0.05 per common share ($0.10 per common share annually) commencing in 2017. Network-1 anticipates paying the semi-annual dividends in March and September of each year. It is anticipated that the semi-annual regular dividend will continue to be paid through March 2020 (the expiration of Network-1’s Remote Power Patent) provided that Network-1 continues to receive royalties from licensees of its Remote Power patent.

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