CareCloud Completes Dividend Payments for Preferred Stocks
CareCloud Committed to Shareholder Returns
CareCloud, Inc. (NASDAQ: CCLD, CCLDO, CCLDP), recognized for its innovative healthcare technology solutions, has recently announced a significant step in its financial commitments by transferring funds to cover dividend payments for its Series A and B Cumulative Redeemable Perpetual Preferred Stock. This move emphasizes the company’s dedication to rewarding its shareholders while maintaining robust financial practices.
Dividend Payment Details
For shareholders of Series A Preferred Stock, the payment will amount to 22.917 cents per share, while Series B Preferred Stock holders will receive 18.229 cents per share. The record date for these payments was noted as January 31, 2025, ensuring that eligible shareholders can expect these amounts deposited in their brokerage accounts by February 18 to February 20, 2025.
Message from Leadership
Interim Chief Financial Officer, Norman Roth, expressed gratitude towards the shareholders during this announcement. He emphasized the importance of these timely payments as a sign of CareCloud’s commitment to responsible financial management and the ongoing efforts to enhance the company’s financial standing. Roth stated, "We appreciate the continued support of our shareholders and remain focused on maintaining financial stability." This statement reinforces CareCloud's philosophy of transparent communication and active engagement with its investors.
Understanding the Dividend Structure
The dividends for both Series A and Series B Preferred Stock are cumulative and are paid on a monthly basis, typically on the 15th of each month. If this date falls on a weekend or bank holiday, payments are made on the next business day. For instance, in observance of President’s Day, the first business day after February 15 will ensure processing on February 18. Shareholders who have not seen their payments credited in their accounts are encouraged to reach out to their brokers for assistance.
Overview of CareCloud's Services
CareCloud has established itself as a leader in healthcare technology, providing solutions designed to improve operational efficiencies and patient care experiences. With over 40,000 healthcare providers relying on its services, the company specializes in areas such as revenue cycle management, electronic health records, and business intelligence. This focus on innovation and technology facilitates streamlined clinical workflows while reducing administrative burdens for healthcare providers.
Following Up with Shareholders
For any further inquiries or assistance, the CareCloud Investor Relations team can be contacted directly via email. The company values open lines of communication with its investors, ensuring that any concerns or questions can be addressed swiftly.
Frequently Asked Questions
What are the dividend payment amounts for CareCloud's Preferred Stocks?
Shareholders of Series A will receive 22.917 cents per share, while Series B holders will get 18.229 cents per share.
When is the record date for the dividend payments?
The record date for the dividend payments is January 31, 2025.
When can shareholders expect to see their payments?
Payments are expected to be reflected in shareholders' accounts between February 18 and February 20, 2025.
Who can I contact if I do not see my dividend payment?
Shareholders should contact their broker for assistance if they do not see their payment by the end of the following week.
What services does CareCloud offer?
CareCloud offers a range of healthcare technology solutions, including revenue cycle management, practice management, electronic health records, and patient experience management.
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