1 unchanged sentence
Our common stock is currently listed on the Nasdaq Global Select Market under the symbol “IRDM.” As of February 9, 2024, there were 135 holders of record of our common stock.
−Removed: Dividend Policy
−Removed: On December 8, 2022, our Board of Directors initiated a quarterly dividend and declared a cash dividend on our common stock of $0.13 per share.
−Removed: The dividend is payable on March 30, 2023, to stockholders of record as of March 15, 2023.
−Removed: Future dividends will depend on our earnings, capital requirements, financial conditions and other factors considered relevant by the Board.
+Added: Stockholders are entitled to receive, when and if declared by the Company’s Board of Directors from time to time, dividends and other distributions in cash, stock or property from the Company’s assets or funds legally and contractually available for such purposes.
+Added: In each of December 2022, May 2023, September 2023, and December 2023, the Company’s Board of Directors approved a dividend of $0.13 per share of common stock.
+Added: The dividends, which were paid on March 30, 2023, June 30, 2023, September 29, 2023, and December 29, 2023, to stockholders of record as of March 15, 2023, June 15, 2023, September 15, 2023, and December 15, 2023, respectively, resulted in total payments of $64.8 million for the twelve months ended December 31, 2023.
+Added: The liability related to dividends on common shares underlying unvested RSUs was $1.3 million as of December 31, 2023.
+Added: We currently expect that comparable cash dividends will continue to be paid in the future, although future dividends will depend on our earnings, capital requirements, financial conditions and other factors considered relevant by the Board.
+Added: On February 2, 2024, the Board of Directors approved a dividend of $0.13 per share, payable on March 29, 2024 to holders of record as of March 15, 2024.
+Added: The Board of Directors plans to increase the quarterly dividend to $0.14 per share starting with the second quarter 2024 dividend.
Stock Price Performance Graph
10 unchanged sentences
October 1-31 255,843 $41.23 255,843 $375.1 million
−Removed: November 1-30 — $— — $179.6 million
+Added: November 1-30 844,963 (1)
+Added: $37.37 816,963 $344.6 million
December 1-31 261,264 $40.37 261,264 $334.0 million
Total 1,362,070 $38.67 1,334,070 —
−Removed: On February 10, 2021, we announced that our board of directors had approved the repurchase of up to $300.0 million of our common stock through December 31, 2022.
−Removed: In April 2022, the original February 2021 authorization was exhausted.
−Removed: In March 2022, our board of directors approved the repurchase of up to an additional $300.0 million of our common stock through December 31, 2023.
−Removed: All shares listed above were purchased under these authorizations in open market transactions.
+Added: (1) Includes 28,000 shares purchased on November 20, 2023 at an average price of $37.01 per share by Matthew J.
+Added: Desch, our chief executive officer, who may be deemed an affiliated purchaser.
+Added: To date, our board of directors has authorized the repurchase of up to $1,000.0 million of our common stock through December 31, 2025.
+Added: Except for the shares purchased by Mr.
+Added: Desch, all shares listed above were purchased under these authorizations in open market transactions.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.