dividend
confidence high
sentiment positive
materiality 0.65
CareCloud resumes preferred dividends early, declares $0.18229/share for Jan and Feb 2025
CareCloud, Inc.
- CareCloud resumes Series A (CCLDP) and Series B (CCLDO) preferred dividend payments ahead of schedule on strong free cash flow.
- Monthly dividend $0.18229/share for each series; Series A includes catch-up payment of $0.04688/share for prior months.
- January dividend payable Feb 18; February dividend payable Mar 17; record dates Jan 31 and Feb 28.
- Board intends to pay at effective 11% rate (including catch-up) for ~8 more months before dropping to 8.75%.
- Series A redemption value ~$28.17/share; Series B ~$28.43/share if redeemed today, including accumulated dividends.