red violet Announces Special Cash Dividend Reflecting Operational Strength and Robust Cash Flow Generation
Red Violet (NASDAQ: RDVT) has declared a special cash dividend of $0.30 per share, payable on February 14, 2025, to shareholders of record as of January 31, 2025. The total dividend payment will be approximately $4.2 million. The company has demonstrated strong operational performance and cash flow generation, enabling continued investments in innovation and market expansion. Under its Stock Repurchase Program, Red Violet has repurchased 538,484 shares at an average price of $19.36 per share, totaling $10.4 million, with $4.6 million remaining in the program.
Red Violet (NASDAQ: RDVT) ha dichiarato un dividendo straordinario in contante di $0,30 per azione, che sarà pagato il 14 febbraio 2025, agli azionisti registrati al 31 gennaio 2025. Il pagamento totale del dividendo sarà di circa $4,2 milioni. L'azienda ha dimostrato una forte performance operativa e generazione di flussi di cassa, consentendo investimenti continui in innovazione ed espansione di mercato. Nell'ambito del suo Programma di Riacquisto di Azioni, Red Violet ha riacquistato 538.484 azioni a un prezzo medio di $19,36 per azione, per un totale di $10,4 milioni, con $4,6 milioni rimanenti nel programma.
Red Violet (NASDAQ: RDVT) ha declarado un dividendo en efectivo especial de $0.30 por acción, que será pagadero el 14 de febrero de 2025, a los accionistas registrados al 31 de enero de 2025. El pago total del dividendo será de aproximadamente $4.2 millones. La empresa ha demostrado un fuerte rendimiento operativo y generación de flujo de caja, lo que permite seguir invirtiendo en innovación y expansión del mercado. Bajo su Programa de Recompra de Acciones, Red Violet ha recomprado 538,484 acciones a un precio promedio de $19.36 por acción, por un total de $10.4 millones, quedando $4.6 millones restantes en el programa.
레드 바이올렛 (NASDAQ: RDVT)는 주주에게 2025년 1월 31일 기준으로 $0.30의 특별 현금 배당금을 2025년 2월 14일에 지급한다고 발표했다. 총 배당금 지급액은 약 $4.2백만 달러에 달할 것이다. 이 회사는 강력한 운영 실적과 현금 흐름을 창출하여 혁신과 시장 확장에 지속적인 투자를 가능하게 했다. 자사 주식 매입 프로그램의 일환으로, 레드 바이올렛은 평균 가격 $19.36로 538,484주를 재매입하여 총 $10.4백만을 투자했고, 프로그램 잔여금은 $4.6백만이다.
Red Violet (NASDAQ: RDVT) a déclaré un dividende exceptionnel en espèces de 0,30 $ par action, payable le 14 février 2025, aux actionnaires inscrits au 31 janvier 2025. Le paiement total du dividende sera d'environ 4,2 millions de dollars. L'entreprise a démontré une forte performance opérationnelle et une génération de flux de trésorerie, ce qui permet de continuer à investir dans l'innovation et l'expansion du marché. Dans le cadre de son programme de rachat d'actions, Red Violet a racheté 538 484 actions à un prix moyen de 19,36 $ par action, pour un total de 10,4 millions de dollars, avec 4,6 millions de dollars restants dans le programme.
Red Violet (NASDAQ: RDVT) hat eine außerordentliche Barausschüttung von 0,30 $ pro Aktie erklärt, die am 14. Februar 2025 an die Aktionäre ausgezahlt wird, die zum Stichtag am 31. Januar 2025 im Aktienregister stehen. Die Gesamtauszahlung der Dividende wird etwa 4,2 Millionen $ betragen. Das Unternehmen hat eine starke operative Leistung und Cashflow-Generierung gezeigt, die fortlaufende Investitionen in Innovation und Markterweiterung ermöglicht. Im Rahmen seines Aktienrückkaufprogramms hat Red Violet 538.484 Aktien zu einem durchschnittlichen Preis von 19,36 $ pro Aktie zurückgekauft, was insgesamt 10,4 Millionen $ ausmacht, wobei noch 4,6 Millionen $ im Programm verbleiben.
- Declaration of $0.30 per share special dividend, totaling $4.2 million
- Strong cash flow generation and operational performance
- Successful share buyback program with $10.4 million executed at $19.36 per share
- Record cash position levels maintained despite investments and buybacks
- None.
BOCA RATON, Fla., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, announced today that its Board of Directors has declared a special cash dividend on red violet common stock of
The special dividend reflects the strong operational performance and financial resilience of red violet. The company’s ability to generate significant cash flow has enabled it to fund ongoing investments in innovation, infrastructure, and market expansion while simultaneously enhancing shareholder returns through disciplined capital allocation strategies, including consistent share buybacks. Notwithstanding the continued investment and consistent share buybacks, the company continues to build its cash position on the balance sheet to record levels.
“red violet’s ability to accelerate our growth rate and generate strong cash flows throughout 2024 is a testament to the strength of our business model, the differentiation of our innovative solutions, and the dedication of our talented team,” said Derek Dubner, red violet’s CEO. “This special dividend reflects our ongoing commitment to delivering value to our shareholders, while maintaining the flexibility to invest in strategic growth initiatives and strengthen our competitive position. Coupled with our share repurchase program, this approach demonstrates our confidence in the long-term potential of our business while enhancing returns through thoughtful capital allocation.”
Capital Allocation Highlights
$15.0 million allocated to share buybacks under the company’s Stock Repurchase Program, demonstrating the company’s dedication to reducing outstanding shares and increasing earnings per share for our investors. Since inception in May of 2022, the company has repurchased 538,484 shares of common stock at an average price of$19.36 per share, totaling$10.4 million . The company has$4.6 million remaining under the Stock Repurchase Program.- Continued investments in technology, infrastructure, security, and go-to-market capabilities, ensuring the long-term competitiveness and sustainability of the business.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipate," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations, including whether the continued investments in technology, infrastructure, security, and go-to-market capabilities will ensuring the long-term competitiveness and sustainability of the business. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading "Forward-Looking Statements" and "Risk Factors" in red violet's Form 10-K for the year ended December 31, 2023, filed on March 7, 2024, as may be supplemented or amended by the Company's other SEC filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
About red violet®
At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our intelligent platform, CORE™, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, to ensure safety, and to reduce fraud and the concomitant expense borne by society. For more information, please visit www.redviolet.com.
Company Contact:
Camilo Ramirez
Red Violet, Inc.
561-757-4500
ir@redviolet.com
Investor Relations Contact:
Steven Hooser
Three Part Advisors
214-872-2710
ir@redviolet.com
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