Iradimed Corporation (IRMD) to Issue Quarterly Dividend of $0.15 on November 25th

Iradimed Corporation (NASDAQ:IRMD) declared a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.15 per share by the medical equipment provider on Monday, November 25th. This represents a $0.60 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, November 15th.

Iradimed has a payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Iradimed to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 37.7%.

Iradimed Price Performance

Iradimed stock opened at $56.95 on Wednesday. The firm has a market capitalization of $721.56 million, a PE ratio of 39.01 and a beta of 0.79. The company’s 50-day moving average is $50.12 and its 200-day moving average is $46.25. Iradimed has a fifty-two week low of $39.24 and a fifty-two week high of $57.95.

Analyst Ratings Changes

Separately, Roth Mkm reduced their target price on shares of Iradimed from $65.00 to $60.00 and set a “buy” rating for the company in a report on Friday, August 2nd.

About Iradimed

IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices and related accessories, and disposables and services in the United States and internationally. It offers MRidium MRI compatible intravenous (IV) infusion pump system with associated disposable IV tubing sets; MRI compatible patient vital signs monitoring system; and 3600 FMD1 with RALU ferromagnetic detection device.