Iridium Communications's most recent quarterly 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 1.91%. The latest IRDM distribution of $0.14 marks a dividend growth of 8%.
IRDM has a dividend yield of 1.91% which is lower than the Communication Services sector and the industry average. If we compare it with the Communication Services sector average of 3.4%, Iridium Communications's dividend yield is 44% lower.
Our records of IRDM show that the company has issued four quarterly dividends in the last twelve months.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jun 14, 2024 | Jun 28, 2024 | May 23, 2024 | $0.14 | normal |
| Mar 14, 2024 | Mar 29, 2024 | Feb 2, 2024 | $0.13 | normal |
| Dec 14, 2023 | Dec 29, 2023 | Dec 4, 2023 | $0.13 | normal |
| Sep 14, 2023 | Sep 29, 2023 | Sep 5, 2023 | $0.13 | normal |
| Jun 14, 2023 | Jun 30, 2023 | May 8, 2023 | $0.13 | normal |
| Mar 14, 2023 | Mar 30, 2023 | Dec 8, 2022 | $0.13 | normal |
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 40.7%, Iridium Communications's payout ratio is 81% higher.
Iridium Communications has paid four dividends in the last 12 months.
Currently IRDM's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in September 2024.
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 1.91%.
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.