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Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services, and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, personal connectivity devices, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia.

Iridium Communications Dividend Announcement

• Iridium Communications announced a quarterly dividend of $0.14 per ordinary share which will be made payable on 2024-09-30. Ex dividend date: 2024-09-13
• Iridium Communications annual dividend for 2024 was $0.41
• Iridium Communications annual dividend for 2023 was $0.52
• Iridium Communications's trailing twelve-month (TTM) dividend yield is 2.24%
• Iridium Communications's payout ratio for the trailing twelve months (TTM) is 56.86%

Iridium Communications Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-13$0.14quarterly2024-09-30
2024-06-14$0.14quarterly2024-06-28
2024-03-14$0.13quarterly2024-03-29
2023-12-14$0.13quarterly2023-12-29
2023-09-14$0.13quarterly2023-09-29
2023-06-14$0.13quarterly2023-06-30
2023-03-14$0.13quarterly2023-03-30

Iridium Communications Dividend per year

Iridium Communications Dividend Yield

Iridium Communications current trailing twelve-month (TTM) dividend yield is 2.24%. Interested in purchasing Iridium Communications stock? Use our calculator to estimate your expected dividend yield:

Iridium Communications Financial Ratios

P/E ratio31.16
PEG ratio10.75
P/B ratio5.37
ROE14.34%
Payout ratio56.86%
Current ratio2.62
Quick ratio2.01
Cash Ratio1.18

Iridium Communications Dividend FAQ

Does Iridium Communications stock pay dividends?
Iridium Communications does not currently pay dividends to its shareholders.
Has Iridium Communications ever paid a dividend?
No, Iridium Communications has no a history of paying dividends to its shareholders. Iridium Communications is not known for its dividend payments.
Why doesn't Iridium Communications pay dividends?
There are several potential reasons why Iridium Communications would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Iridium Communications ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Iridium Communications has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Iridium Communications a dividend aristocrat?
Iridium Communications is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Iridium Communications a dividend king?
Iridium Communications is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Iridium Communications a dividend stock?
No, Iridium Communications is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Iridium Communications stocks?
To buy Iridium Communications you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Iridium Communications stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.