---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-300483"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:25:40.240529+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Iridium initiates quarterly dividend of $0.13 per share, first cash dividend

## Summary
- First-ever cash dividend declared at $0.13 per share; payable March 30, 2023 to shareholders of record March 15, 2023.
- Dividend program joins existing $600 million share repurchase programs; ~$413M repurchased through Q3 2022.
- Company expects to maintain target leverage of 2.5x–3.5x operational EBITDA by end of 2023.
- CEO Matt Desch cites record subscriber and free cash flow growth as basis for shareholder return.

## SEC filing metadata
- accession: 0001193125-22-300483
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000119312522300483/0001193125-22-300483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000119312522300483/d369539d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-300483
- JSON: https://secwatch.observer/filing/0001193125-22-300483.json
- Plain text: https://secwatch.observer/filing/0001193125-22-300483.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.