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Iridium Communications (Iridium Communications) 3-Year Dividend Growth Rate : 0.00% (As of Mar. 2024)


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What is Iridium Communications 3-Year Dividend Growth Rate?

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

The historical rank and industry rank for Iridium Communications's 3-Year Dividend Growth Rate or its related term are showing as below:

IRDM's 3-Year Dividend Growth Rate is not ranked *
in the Telecommunication Services industry.
Industry Median: 5.95
* Ranked among companies with meaningful 3-Year Dividend Growth Rate only.

During the past 12 months, Iridium Communications's average Dividends Per Share Growth Rate was 300.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Iridium Communications's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.81. As of today, Iridium Communications's Dividend Yield % is 1.66%.

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.

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


Competitive Comparison of Iridium Communications's 3-Year Dividend Growth Rate

For the Telecom Services subindustry, Iridium Communications's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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 3-Year Dividend Growth Rate Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Iridium Communications's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Iridium Communications's 3-Year Dividend Growth Rate falls into.



Iridium Communications 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Iridium Communications  (NAS:IRDM) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Iridium Communications's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.13/ 0.16
=0.81

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.

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.

2. 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 Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.52/31.37
=1.66 %

Current Share Price is $31.37.
Iridium Communications's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.52.

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%.

* 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 3-Year Dividend Growth Rate Related Terms>


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

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