iRadimed Corporation (NASDAQ:IRMD - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Monday, August 18th will be paid a dividend of 0.17 per share by the medical equipment provider on Thursday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, August 18th.
iRadimed has a payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect iRadimed to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 34.0%.
iRadimed Stock Down 1.8%
Shares of IRMD traded down $1.28 during trading hours on Tuesday, reaching $69.41. The company's stock had a trading volume of 67,035 shares, compared to its average volume of 43,900. The firm has a market cap of $882.90 million, a price-to-earnings ratio of 42.85 and a beta of 0.94. iRadimed has a 1-year low of $43.17 and a 1-year high of $71.91. The company has a 50 day moving average of $59.02 and a two-hundred day moving average of $55.92.
iRadimed Company Profile
(
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IRadimed Corp. engages in the development, manufacture, marketing, and distribution of Magnetic Resonance Imaging compatible medical devices. It also provides a non-magnetic Intravenous infusion pump system that is specifically designed for use during MRI procedures. The company was founded by Roger Susi in July 1992 and is headquartered in Winter Springs, FL.
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