dividend
confidence high
sentiment negative
materiality 0.70
CareCloud suspends monthly cash dividends on Series A & B preferred stock; defers ~$1.3M/mo
CareCloud, Inc.
- Suspension begins with Dec. 15, 2023 payment; affects 11% Series A and 8.75% Series B cumulative redeemable perpetual preferred stock.
- Deferral of approximately $1.3 million in monthly cash dividend payments.
- Dividends will continue to accrue during suspension; Board will periodically review when to lift.
- Tickers: CCLD (common), CCLDP (Series A preferred), CCLDO (Series B preferred).