Iradimed Corporation (NASDAQ:IRMD) Plans Quarterly Dividend of $0.15

Iradimed Corporation (NASDAQ:IRMD) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.15 per share by the medical equipment provider on Monday, November 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, November 15th.

Iradimed has a dividend 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 Stock Performance

Shares of Iradimed stock opened at $55.45 on Thursday. Iradimed has a one year low of $40.05 and a one year high of $57.95. The company has a market cap of $702.72 million, a PE ratio of 37.98 and a beta of 0.79. The business has a 50-day simple moving average of $50.30 and a 200-day simple moving average of $46.32.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price target on 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.