iRadimed Corporation (NASDAQ:IRMD – Get Free Report) announced a quarterly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be paid a dividend of $0.20 per share by the medical equipment provider on Friday, November 27th. This represents a $0.80 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th.
iRadimed has a payout ratio of 40.2% indicating that its dividend is sufficiently covered by earnings.
iRadimed Stock Down 0.3%
Shares of NASDAQ IRMD opened at $86.72 on Wednesday. The company has a market capitalization of $1.11 billion, a PE ratio of 46.37 and a beta of 0.91. The stock’s 50 day moving average price is $85.33 and its 200-day moving average price is $92.08. iRadimed has a twelve month low of $76.35 and a twelve month high of $107.90.
iRadimed (NASDAQ:IRMD – Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The medical equipment provider reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The company had revenue of $24.20 million during the quarter, compared to the consensus estimate of $23.47 million. iRadimed had a return on equity of 23.90% and a net margin of 26.85%. As a group, research analysts expect that iRadimed will post 1.92 EPS for the current fiscal year.
About iRadimed
iRadimed Corporation develops, manufactures and markets medical devices designed for use in magnetic resonance imaging (MRI) environments. Its products include MRI-compatible patient monitoring systems and intravenous infusion pumps, along with related accessories. The company’s monitoring systems help clinicians track patients during MRI procedures, while its infusion pumps deliver fluids and medications in the MRI suite. iRadimed’s equipment is designed to operate in the presence of MRI magnets, where conventional medical devices may not be suitable.
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