CareCloud, Inc. announced on November 12, 2024, that it has fully paid its credit line, demonstrating improved financial stability. This action reflects the company's focus on strengthening its balance sheet.
The company also stated its plan to resume dividends on its Series A and B Preferred Stock on March 1, 2025. This indicates management's confidence in sustained cash flow generation.
Effective September 12, 2024, the dividend on the Series A Preferred Stock was reduced from 11% to 8.75% per annum, equivalent to $2.75 to $2.1875 annually per share. This adjustment aims to optimize the company's capital structure and reduce future dividend obligations.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.