iRadimed Corporation (NASDAQ:IRMD) Shares Will Pay Quarterly Dividend of $0.20

iRadimed Corporation (NASDAQ:IRMD) declared a quarterly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be paid a dividend of $0.20 per share by the medical equipment provider on Friday, November 27th. This represents a $0.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th.

iRadimed has a dividend payout ratio of 40.2% indicating that its dividend is sufficiently covered by earnings.

iRadimed Trading Down 0.3%

iRadimed stock opened at $86.72 on Wednesday. iRadimed has a 1-year low of $76.35 and a 1-year high of $107.90. The firm has a market capitalization of $1.11 billion, a PE ratio of 46.37 and a beta of 0.91. The firm’s 50 day simple moving average is $85.33 and its 200 day simple moving average is $92.08.

iRadimed (NASDAQ:IRMD) last released its quarterly earnings results on Friday, October 30th. The medical equipment provider reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $24.20 million during the quarter, compared to analyst estimates of $23.47 million. iRadimed had a net margin of 26.85% and a return on equity of 23.90%. Research analysts forecast that iRadimed will post 1.92 earnings per share for the current year.

About iRadimed

iRadimed Corporation develops, manufactures and markets medical devices designed for use in magnetic resonance imaging (MRI) environments. Its products include MRI-compatible patient monitoring systems and intravenous infusion pumps, along with related accessories. The company’s monitoring systems help clinicians track patients during MRI procedures, while its infusion pumps deliver fluids and medications in the MRI suite. iRadimed’s equipment is designed to operate in the presence of MRI magnets, where conventional medical devices may not be suitable.