Iridium Communications Dividend and Recent Developments: What to Know Before Jun 13, 2025
Generated by AI AgentAinvest Dividend Digest
Monday, Jun 9, 2025 11:12 pm ET1min read
IRDM--
Iridium Communications (NASDAQ: IRDM) has announced a dividend of $0.140 per share, with the ex-dividend date set for Jun 13, 2025. The announcement was made on May 14, 2025, and the dividend will be paid on Jun 30, 2025. This dividend matches the previous distribution made on Mar 31, 2025, and is slightly higher than the average of the last ten dividends, which stands at $0.134. The dividend type is a cash dividend.
Recently, Iridium CommunicationsIRDM-- has been the subject of significant attention in the financial markets. Over the past week, shares of IridiumIRDM-- crossed above their 200-day moving average of $28.19, indicating a bullish trend for the company. This movement has sparked interest among investors and analysts who believe that Iridium's stock could see further gains.
As of late, there has been speculation about a potential rally for Iridium, with some analysts suggesting a price target that indicates over 52% upside potential. This optimistic outlook is supported by recent financial reports that highlight a 14% increase in revenues and a 15% growth in total billable subscribers. The increase is largely driven by the expansion in the commercial Internet of Things (IoT) sector and government customers, showcasing Iridium's strong market position and growth prospects.
In addition to the company's financial performance, Iridium recently launched a new messaging platform, the Iridium Chat app, designed to enhance communication services. This development is seen as a strategic move to bolster its service offerings and cater to an increasingly connected world. The introduction of this app aligns with Iridium's long-term strategy to strengthen its foothold in the communications industry.
Investors should note that the ex-dividend date of Jun 13, 2025, is the last opportunity to purchase shares and be eligible for the upcoming dividend. Any acquisitions made after this date will not qualify for the current dividend distribution.
Recently, Iridium CommunicationsIRDM-- has been the subject of significant attention in the financial markets. Over the past week, shares of IridiumIRDM-- crossed above their 200-day moving average of $28.19, indicating a bullish trend for the company. This movement has sparked interest among investors and analysts who believe that Iridium's stock could see further gains.
As of late, there has been speculation about a potential rally for Iridium, with some analysts suggesting a price target that indicates over 52% upside potential. This optimistic outlook is supported by recent financial reports that highlight a 14% increase in revenues and a 15% growth in total billable subscribers. The increase is largely driven by the expansion in the commercial Internet of Things (IoT) sector and government customers, showcasing Iridium's strong market position and growth prospects.
In addition to the company's financial performance, Iridium recently launched a new messaging platform, the Iridium Chat app, designed to enhance communication services. This development is seen as a strategic move to bolster its service offerings and cater to an increasingly connected world. The introduction of this app aligns with Iridium's long-term strategy to strengthen its foothold in the communications industry.
Investors should note that the ex-dividend date of Jun 13, 2025, is the last opportunity to purchase shares and be eligible for the upcoming dividend. Any acquisitions made after this date will not qualify for the current dividend distribution.
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