Business
IRADIMED Announces Special Cash Dividend of $0.50 Per Share
ORLANDO, Fla., Dec. 08, 2025 (GLOBE NEWSWIRE) -- iRadimed Corporation (the “Company”) (NASDAQ: IRMD), announced that its Board of Directors (the “Board”)
About this update from Iradimed Corporation
[{"type":"text","content":"ORLANDO, Fla., Dec. 08, 2025 (GLOBE NEWSWIRE) -- iRadimed Corporation (the “Company”) (NASDAQ: IRMD), announced that its Board of Directors (the “Board”) approved a special cash dividend of $0.50 per share of the Company’s outstanding common stock. This special cash dividend is payable on December 30, 2025, to stockholders of record at the close of business on December 17, 2025. The Company is a leader in developing innovative magnetic resonance imaging (“MRI”) compatible medical devices and products. The Company produces the only known non-magnetic intravenous (“IV”) infusion pump system and a non-magnetic patient vital signs monitoring system designed for use during MRI procedures. “One of the Board’s commitments is maximizing returns to our stockholders. With our strong financial results over the years—including 17 consecutive quarters of record revenue—and our ability to generate cash from operations, our cash and cash equivalents balance grew to $56.5 million at the end of the third quarter of 2025. This balance exceeds our needs to support normal operations, which include the transition to our new manufacturing facility, and future investments in the Company, including the commercialization of our next-generation 3870 MRI IV pump, which we believe will drive additional growth in 2026 and beyond. Therefore, the Board determined the best use of this excess cash is to return it to stockholders in the form of a special cash dividend, complementing our regular quarterly dividend program,” said Roger Susi, Chairman, President and Chief Executive Officer of the Company. The declaration and payment of any future dividends, whether regular quarterly dividends or special dividends, will remain subject to the sole discretion of the Board and will depend upon many factors, including but not limited to the Company’s financial condition, earnings, capital requirements, cash flows, liquidity needs, legal and regulatory requirements, general business conditions, growth opportunities, and other factors that the Board deems relevant. There can be no assurance that the Company will continue to pay regular quarterly dividends or declare any additional special dividends in the future. About IRADIMED CORPORATION IRADIMED CORPORATION is a leader in developing innovative MRI compatible medical devices and products. We design, manufacture, market,...