STOCK TITAN

CareCloud Announces Preferred Stock Dividend Payments

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends

CareCloud (CCLD) has announced its Board's declaration of monthly cash dividends for March and April 2025 for its Series A and Series B Preferred Stock. Series A Preferred Stock holders will receive dividends at 8.75% per annum of the $25.00 per share liquidation preference ($2.1875 per annum per share), plus an additional 2.25% payment for oldest dividend due. Series B Preferred Stock holders will receive dividends at 8.75% per annum ($2.1875 per annum per share).

The dividends are cumulative and payable monthly on the 15th of each month. Record dates are set for the last day of each calendar month, with payments made on the next business day if the 15th falls on a non-business day.

CareCloud (CCLD) ha annunciato la dichiarazione del suo Consiglio riguardo i dividendi mensili in contante per marzo e aprile 2025 per le sue Azioni Preferenziali di Serie A e Serie B. I possessori di Azioni Preferenziali di Serie A riceveranno dividendi all'8,75% annuo sulla preferenza di liquidazione di $25,00 per azione ($2,1875 annui per azione), più un ulteriore pagamento del 2,25% per il dividendo più vecchio dovuto. I possessori di Azioni Preferenziali di Serie B riceveranno dividendi all'8,75% annuo ($2,1875 annui per azione).

I dividendi sono cumulativi e pagabili mensilmente il 15 di ogni mese. Le date di registrazione sono fissate per l'ultimo giorno di ogni mese di calendario, con i pagamenti effettuati il giorno lavorativo successivo se il 15 cade in un giorno non lavorativo.

CareCloud (CCLD) ha anunciado la declaración de su Junta sobre los dividendos mensuales en efectivo para marzo y abril de 2025 para sus Acciones Preferentes de Serie A y Serie B. Los tenedores de Acciones Preferentes de Serie A recibirán dividendos del 8,75% anual sobre la preferencia de liquidación de $25,00 por acción ($2,1875 anuales por acción), más un pago adicional del 2,25% por el dividendo más antiguo adeudado. Los tenedores de Acciones Preferentes de Serie B recibirán dividendos del 8,75% anual ($2,1875 anuales por acción).

Los dividendos son acumulativos y pagaderos mensualmente el día 15 de cada mes. Las fechas de registro se establecen para el último día de cada mes calendario, con pagos realizados el siguiente día hábil si el día 15 cae en un día no hábil.

CareCloud (CCLD)는 2025년 3월과 4월에 대한 이사회에서의 월별 현금 배당금 선언을 발표했습니다. A 시리즈 우선주 보유자는 주당 청산 우선권 $25.00의 연 8.75% 배당금을 받게 되며 ($2.1875 연간 주당), 가장 오래된 배당금에 대해 추가로 2.25%를 지급받습니다. B 시리즈 우선주 보유자는 연 8.75%의 배당금을 받게 됩니다 ($2.1875 연간 주당).

배당금은 누적되며 매달 15일에 지급됩니다. 기록 날짜는 각 달의 마지막 날로 정해지며, 15일이 비영업일인 경우 다음 영업일에 지급됩니다.

CareCloud (CCLD) a annoncé la déclaration de son Conseil concernant les dividendes mensuels en espèces pour mars et avril 2025 pour ses Actions Préférentielles de Série A et de Série B. Les détenteurs d'Actions Préférentielles de Série A recevront des dividendes à 8,75% par an sur la préférence de liquidation de 25,00 $ par action (2,1875 $ par an et par action), plus un paiement supplémentaire de 2,25% pour le dividende le plus ancien dû. Les détenteurs d'Actions Préférentielles de Série B recevront des dividendes à 8,75% par an (2,1875 $ par an et par action).

Les dividendes sont cumulatifs et payables mensuellement le 15 de chaque mois. Les dates d'enregistrement sont fixées au dernier jour de chaque mois calendaire, les paiements étant effectués le jour ouvrable suivant si le 15 tombe un jour non ouvrable.

CareCloud (CCLD) hat die Erklärung seines Vorstands zu monatlichen Barausschüttungen für März und April 2025 für seine Serie A und Serie B Vorzugsaktien bekannt gegeben. Inhaber von Serie A Vorzugsaktien erhalten eine Dividende von 8,75% pro Jahr auf den Liquidationsbetrag von 25,00 $ pro Aktie (2,1875 $ pro Jahr und Aktie), plus eine zusätzliche Zahlung von 2,25% für die älteste ausstehende Dividende. Inhaber von Serie B Vorzugsaktien erhalten eine Dividende von 8,75% pro Jahr (2,1875 $ pro Jahr und Aktie).

Die Dividenden sind kumulativ und werden monatlich am 15. eines jeden Monats ausgezahlt. Die Stichtage sind auf den letzten Tag jedes Kalendermonats festgelegt, wobei die Zahlungen am nächsten Geschäftstag erfolgen, wenn der 15. auf einen Feiertag fällt.

Positive
  • Monthly dividend payments provide regular income to preferred stockholders
  • Additional 2.25% payment authorized for Series A Preferred Stock holders
  • Consistent 8.75% annual dividend yield for both Series A and B Preferred Stock
Negative
  • Previous Series A Preferred Stock holders who converted on March 6, 2025, will not receive the dividend or additional payments

SOMERSET, N.J., March 14, 2025 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO, CCLDP), 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 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) and its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B Preferred Stock”) for March and April 2025.

The following table shows the monthly dividends and associated record and payment dates:

  March 2025  April 2025 
Series A dividend per share $0.18229  $0.18229 
Series A additional payment per share  $0.04688  $0.04688 
Series B dividend per share $0.18229  $0.18229 
Ex-dividend date  March 31, 2025   April 30, 2025 
Record date  March 31, 2025   April 30, 2025 
Payment date  April 15, 2025   May 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 8.75% per annum of the $25.00 per share liquidation preference (equivalent to $2.1875 per annum per share). Additionally, since this payment will be credited against the oldest dividend due (at which point in time, the cash dividend rate was 11% per annum), the Board authorized an additional payment equal to 2.25% per share of Series A Preferred Stock. For clarity, previous holders of Series A Preferred Stock that were converted on March 6, 2025, already received dividends paid in shares up and through March 6, 2025, and will not receive either the dividend payment or the additional payment per share.

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 8.75% per annum of the $25.00 per share liquidation preference (equivalent to $2.1875 per annum per share).

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 shall be 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 formally notified the Nasdaq Stock Market LLC of its intent to voluntarily delist 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 $25.00 per share, plus any accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption.

About CCLDO

CareCloud’s Series B Preferred Stock trades on the Nasdaq Global Market under the ticker symbol “CCLDO.” Commencing on February 15, 2024, 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 $25.50 per share (for redemptions on and after February 15, 2025 and prior to February 15, 2026), $25.25 per share (for redemptions on and after February 15, 2026 and prior to February 15, 2027), or $25.00 per share (for redemptions on and after February 25, 2027), plus any accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption. Upon the occurrence of a Change of Control, 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, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon to, but not including, the redemption date.

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 www.carecloud.com.

Follow CareCloud on LinkedIn, X and Facebook.

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 dividend rate is CareCloud (CCLD) paying for Series A Preferred Stock?

CCLD Series A Preferred Stock holders receive dividends at 8.75% per annum ($2.1875 per share annually), plus an additional 2.25% payment for the oldest dividend due.

When are the dividend payment dates for CareCloud's (CCLD) preferred stock?

Dividends are paid monthly on the 15th day of each month, with the next payments scheduled for March and April 2025.

What is the dividend rate for CareCloud's (CCLD) Series B Preferred Stock?

CCLD Series B Preferred Stock holders receive dividends at 8.75% per annum, equivalent to $2.1875 per share annually.

What is the record date for CareCloud's (CCLD) preferred stock dividends?

The record date is the last day of each calendar month, whether or not it's a business day.
Carecloud Inc

NASDAQ:CCLD

CCLD Rankings

CCLD Latest News

CCLD Stock Data

28.45M
8.49M
47.32%
10.83%
0.31%
Health Information Services
Services-prepackaged Software
Link
United States
SOMERSET