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Iridium Communications (Iridium Communications) Dividend Yield % : 1.71% (As of Apr. 26, 2024)


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What is Iridium Communications Dividend Yield %?

As of today (2024-04-26), the Trailing Annual Dividend Yield of Iridium Communications is 1.71%.

The historical rank and industry rank for Iridium Communications's Dividend Yield % or its related term are showing as below:

IRDM' s Dividend Yield % Range Over the Past 10 Years
Min: 0.19   Med: 0.92   Max: 2.11
Current: 1.71

During the past 13 years, the highest Dividend Yield of Iridium Communications was 2.11%. The lowest was 0.19%. And the median was 0.92%.

IRDM's Dividend Yield % is ranked worse than
75.45% of 224 companies
in the Telecommunication Services industry
Industry Median: 4.155 vs IRDM: 1.71

Iridium Communications's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.81.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Iridium Communications Inc is 2.48, which seems too high.

During the past 13 years, the highest Dividend Payout Ratio of Iridium Communications was 4.33. The lowest was 2.48. And the median was 4.33.

As of today (2024-04-26), the Forward Dividend Yield % of Iridium Communications is 1.71%.

Iridium Communications's Dividends per Share for the three months ended in Mar. 2024 was $0.13.

During the past 12 months, Iridium Communications's average Dividends Per Share Growth Rate was 300.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Iridium Communications Dividend Yield % Historical Data

The historical data trend for Iridium Communications's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Iridium Communications Dividend Yield % Chart

Iridium Communications Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.26

Iridium Communications Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.42 0.86 1.26 1.99

Competitive Comparison of Iridium Communications's Dividend Yield %

For the Telecom Services subindustry, Iridium Communications's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Iridium Communications's Dividend Yield % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Iridium Communications's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Iridium Communications's Dividend Yield % falls into.



Iridium Communications Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Iridium Communications Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1302024-03-142024-03-152024-03-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1302023-12-142023-12-152023-12-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1302023-09-142023-09-152023-09-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1302023-06-142023-06-152023-06-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Iridium Communications's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.52/30.38
=1.71 %

Current Share Price is $30.38.
Iridium Communications's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.52.

Iridium Communications's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.52/30.38
=1.71 %

Current Share Price is $30.38.
Iridium Communications's Dividends per Share for the forward twelve months is calculated as $0.13 * 4 = $0.52.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Iridium Communications  (NAS:IRDM) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Iridium Communications Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Iridium Communications's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Iridium Communications (Iridium Communications) Business Description

Traded in Other Exchanges
Address
1750 Tysons Boulevard, Suite 1400, McLean, VA, USA, 22102
Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world.
Executives
Matthew J Desch director, officer: Chief Executive Officer C/O SAIC, 10260 CAMPUS POINT DR M/S F3, SAN DIEGO CA 92121
Jacqueline E Yeaney director 2002 SUMMIT BOULEVARD, SUITE 100, ATLANTA GA 30319
Bryan J. Hartin officer: EVP-Sales and Marketing C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Robert H Niehaus director, officer: Senior Vice President 4747 GAILLARDIA PARKWAY, OKLAHOMA CITY OK 73142
Suzanne E. Mcbride officer: Chief Operations Officer C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Barry West director NEXTEL, 2001 EDMUND HALLEY DR, RESTON VA 20191
Scott Scheimreif officer: EVP-Government Programs C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Thomas C Canfield director C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Kathleen A. Morgan officer: Chief Legal Officer C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA 22102
Thomas Fitzpatrick officer: Chief Financial Officer C/O CENTENNIAL COMMUNICATIONS CORP, 3349 RTE 138, WALL NJ 07719
Henrik O. Schliemann director C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Timothy Kapalka officer: VP Iridium Satellite LLC C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, MCLEAN VA 22102
Parker William Rush director 5525 LBJ FREEWAY, DALLAS TX 75240
A B Krongard director C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230
Kay Sears director C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102