Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
Monday, Dec 30, 2024 1:07 pm ET
1min read Retractable Technologies, Inc. (RVP), a leading manufacturer of safety medical products, has announced that its Board of Directors has declared dividends to holders of its Series II Class B and Series III Class B Convertible Preferred Stock. The dividends, which total $39,050.00 and $18,561.25, respectively, will be paid on January 20, 2025, to shareholders of record as of the close of business on January 10, 2025.
The dividends cover the period beginning October 1, 2024, through December 31, 2024, and are paid at a rate of $1.00 per share per annum. This announcement comes as RVP continues to focus on its core mission of providing safe and effective medical products to healthcare professionals and patients worldwide.
Retractable Technologies' commitment to paying dividends to its preferred stockholders is a testament to the company's financial stability and strong cash flow. The declaration of these dividends signals that RVP is confident in its ability to maintain its dividend payouts while continuing to invest in research and development, as well as expand its product offerings and market reach.
The company's portfolio of products, which includes the VanishPoint® syringe, blood collection, and IV catheter products, as well as the Patient Safe® syringes and EasyPoint® needle, has been instrumental in driving its growth and success. Retractable Technologies' commitment to innovation and safety has positioned it as a leader in the medical device industry, and its dividend payouts are a reflection of the company's strong financial performance.
In conclusion, Retractable Technologies, Inc.'s declaration of dividends to its Series II Class B and Series III Class B Convertible Preferred Stock shareholders is a positive sign for the company's financial health and future growth prospects. As RVP continues to invest in its business and expand its product offerings, income-oriented investors may find the company's preferred stock an attractive addition to their portfolios.
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