Iridium Communications's most recent dividend of $0.14 per share was on Jun 14, 2024 (ex-date). The annualized payout of $0.53 per share represents a current dividend yield of 1.96%. The latest IRDM distribution of $0.14 marks a dividend growth of 8%.
IRDM has a dividend yield of 1.96% which is lower than the Communication Services sector and the industry average. If we compare it with the Communication Services sector average of 3.12%, Iridium Communications's dividend yield is 37% lower.
Our records of IRDM show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 104% for the last year. And since the stock price has gone down by 43% from a year ago, the dividend yield has increased by 259%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
Jun 14, 2024 | $0.14 | 2% |
Mar 14, 2024 | $0.13 | 1.9% |
Dec 14, 2023 | $0.13 | 1.28% |
Sep 14, 2023 | $0.13 | 0.81% |
Jun 14, 2023 | $0.13 | 0.43% |
Mar 14, 2023 | $0.13 | 0.21% |
IRDM has a payout ratio of 73.6% which is higher than the Communication Services sector and the industry average. If we compare it with the Communication Services sector average of 48.7%, Iridium Communications's payout ratio is 51% higher.
Iridium Communications has paid four dividends in the last 12 months.
Iridium Communications's last dividend ex-date was on Jun 14, 2024. The dividend amount was $0.14 per share.
IRDM's annualized dividend per share is $0.53.
The current dividend yield of Iridium Communications is 1.96%.
Iridium Communications pays dividends quarterly.
The dividend payout ratio of Iridium Communications is 73.6%.
Iridium Communications's dividend yield is less than the Communication Services sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.