CareCloud Declares Cash Dividends for Preferred Stocks in 2025
CareCloud Announces Preferred Stock Dividend Payments
CareCloud, Inc. (the “Company”) (NASDAQ: CCLD, CCLDO), a prominent name in healthcare technology, recently made an important announcement regarding its preferred stock dividends. The Company revealed that its Board of Directors has declared monthly cash dividends for both its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock and its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock for the months of May and June.
Monthly Dividend Breakdown
The announced dividends for the Series A and Series B Preferred Stocks reflect CareCloud's continued commitment to its shareholders. Each share of Series A Preferred Stock will yield a dividend of $0.18229, which is consistent for both May and June. In addition, holders of Series A shares will receive an additional payment of $0.04688 per share. Similarly, Series B shareholders will also see a dividend of $0.18229 for both months.
Key Dates
For those interested in the dividend schedule, it's essential to note the following key dates: the ex-dividend date is set for May 31 for May payouts and June 30 for June payouts. The record date coincides with the ex-dividend dates. Shareholders will receive payments on June 16 for May dividends and on July 15 for June dividends.
Understanding Preferred Stock Dividends
Preferred stock dividends offer a unique investment opportunity, often providing high yields compared to common stock dividends. Investors in CareCloud’s Series A and B Preferred Stocks are entitled to receive cumulative cash dividends based on the stock's $25.00 per share liquidation preference, equating to an annual yield of 8.75%. This structure showcases the company's effort to provide reliable returns for its investors.
Significance of Preferred Stocks
Preferred stocks are usually considered a safer investment option compared to common stocks due to their fixed dividend payments. For CareCloud, maintaining steady dividends signals sound financial health and a commitment to delivering shareholder value consistently.
Company Developments
CareCloud is more than just a name in healthcare technology; it has been setting trends through disciplined innovation. With a wide array of technology-enabled solutions, the Company helps medical practices enhance their operational performance while improving patient care and reducing administrative burdens. Its offerings include revenue cycle management, practice management, electronic health records, business intelligence, and digital health services.
Future of CareCloud
Looking ahead, CareCloud remains poised for growth and expansion. The Company maintains plans to continue innovating its solutions to meet evolving healthcare demands, enabling more than 40,000 providers to offer better patient care. By focusing on enhancing technology and operational efficiency, CareCloud is strategically positioning itself in a rapidly changing healthcare landscape.
Contact Information
For inquiries regarding investor relations or corporate matters, interested parties can reach out to Norman Roth, Interim Chief Financial Officer, at nroth@carecloud.com, or Stephen Snyder, Co-Chief Executive Officer, at ir@carecloud.com.
Frequently Asked Questions
What are the dividends for CareCloud's preferred stocks?
The dividends declared for the Series A Preferred Stock are $0.18229 and $0.04688 additionally, while Series B Preferred Stock will receive $0.18229.
When are the payment dates for these dividends?
The payment date for May dividends is June 16, 2025, and for June dividends, it is July 15, 2025.
What does it mean for dividends to be cumulative?
Cumulative dividends ensure that if dividends are not paid in any given year, they accumulate and must be paid out before any common stock dividends can be distributed.
How does CareCloud ensure shareholder value?
CareCloud demonstrates its commitment to shareholder value by regularly declaring dividends, ensuring reliable returns, and maintaining consistent operational performance.
Why choose CareCloud's preferred stocks?
Investors might consider CareCloud's preferred stocks for their fixed dividends, strong financial performance, and the Company’s focus on growth and innovative healthcare solutions.
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