CareCloud Announces Preferred Stock Dividend Payments
Rhea-AI Summary
CareCloud (CCLD) has announced monthly cash dividend payments for its Series A and Series B Preferred Stock for May and June 2025. Both series carry an 8.75% annual dividend rate on a $25.00 per share liquidation preference. The monthly dividend for both series is set at $0.18229 per share. Series A holders will receive an additional payment of $0.04688 per share, reflecting a 2.25% adjustment from a previous 11% dividend rate. The dividends will be paid on June 16, 2025, and July 15, 2025, with respective record dates of May 31 and June 30, 2025.
Positive
- Consistent monthly dividend payments demonstrate financial stability
- Additional payment of $0.04688 per share for Series A holders provides extra value
- 8.75% annual dividend yield offers attractive income for preferred shareholders
Negative
- Preferred stock dividends represent a fixed cost obligation for the company
- Cumulative nature of dividends means unpaid dividends must be paid before common stockholders
SOMERSET, N.J., May 02, 2025 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO), a leader in healthcare technology and generative AI solutions for medical practices and health systems nationwide, announced today that its Board of Directors (the “Board”) has declared monthly cash dividends for its
The following table shows the monthly dividends and associated record and payment dates:
| May 2025 | June 2025 | ||||
| Series A dividend per share | |||||
| Series A additional payment per share Series B dividend per share | |||||
| Ex-dividend date | May 31, 2025 | June 30, 2025 | |||
| Record date | May 31, 2025 | June 30, 2025 | |||
| Payment date | June 16, 2025 | July 15, 2025 | |||
Holders of shares of the Series A Preferred Stock as of the record date are entitled to receive cumulative cash dividends at the rate of
Holders of shares of the Series B Preferred Stock as of the record date are entitled to receive cumulative cash dividends at the rate of
Dividends on the Series A Preferred Stock and Series B Preferred Stock are cumulative and payable monthly on the 15th day of each month; provided that if any dividend payment date is not a business day, then the dividend may be paid on the next succeeding business day. Dividends are payable to holders of record on the applicable record date, which is the last day of the calendar month, whether or not a business day.
About CCLDP
Due to the mandatory conversion of the Series A Preferred Stock into common stock on March 6, 2025, the Company delisted its Series A Preferred Stock from the Nasdaq Global Market since the security no longer complies with Nasdaq’s continued listing requirements. The Company may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem additional shares of the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of
About CCLDO
CareCloud’s Series B Preferred Stock trades on the Nasdaq Global Market under the ticker symbol “CCLDO.” The Company may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem the Series B Preferred Stock, in whole or in part, at any time or from time to time, for cash at redemption prices of either
About CareCloud
CareCloud brings disciplined innovation to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs. Learn more about our products and services including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health at carecloud.com.
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Disclaimer
This press release is for information purposes only, and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
Forward-Looking Statements
This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.
Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management's expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.
These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.
The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
SOURCE CareCloud
Company Contact:
Norman Roth
Interim Chief Financial Officer and Corporate Controller
CareCloud, Inc.
nroth@carecloud.com
Investor Contact:
Stephen Snyder
Co-Chief Executive Officer
CareCloud, Inc.
ir@carecloud.com
FAQ
What is the dividend amount for CareCloud's (CCLD) preferred stock in May and June 2025?
When are the payment dates for CCLD's preferred stock dividends in May and June 2025?
What is the annual dividend yield for CareCloud's preferred stock?
Why are Series A preferred stockholders receiving an additional payment?
What are the record dates for CCLD's preferred stock dividends?
