1 unchanged sentence
Our common stock is currently listed on the Nasdaq Global Select Market under the symbol “IRDM.” As of February 7, 2025, there were 130 holders of record of our common stock.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: The liability related to dividends on common shares underlying unvested RSUs was $1.3 million as of December 31, 2023.
+Added: Stockholders are entitled to receive, when and if declared by our Board of Directors from time to time, dividends and other distributions in cash, stock or property from our assets or funds legally and contractually available for such purposes.
+Added: In February 2024, our Board of Directors approved a dividend of $0.13 per share of common stock, which was paid on March 29 to stockholders of record as of March 15.
+Added: In May 2024, August 2024 and December 2024, our Board of Directors approved dividends of $0.14 per share of common stock, which were paid on June 28, September 30 and December 31, 2024 to stockholders of record as of June 14, September 13 and December 16, 2024, respectively.
+Added: We made total dividend payments of $ 64.7 million during 2024.
+Added: Our liability related to dividends on common stock was $ 2.5 million and $ 1.3 million as of December 31, 2024 and 2023, respectively.
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.
−Removed: 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.
−Removed: The Board of Directors plans to increase the quarterly dividend to $0.14 per share starting with the second quarter 2024 dividend.
+Added: The Board of Directors plans to increase the quarterly dividend to $0.15 per share starting with the third quarter 2025 dividend.
Stock Price Performance Graph
10 unchanged sentences
October 1-31 1,756,195 $29.98 1,756,195 $499.6 million
−Removed: November 1-30 844,963 (1)
−Removed: $37.37 816,963 $344.6 million
+Added: November 1-30 1,594,591 $29.16 1,594,591 $453.1 million
December 1-31 763,884 $29.85 763,884 $430.3 million
−Removed: Total 1,362,070 $38.67 1,334,070 —
−Removed: (1) Includes 28,000 shares purchased on November 20, 2023 at an average price of $37.01 per share by Matthew J.
−Removed: Desch, our chief executive officer, who may be deemed an affiliated purchaser.
−Removed: 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.
−Removed: Except for the shares purchased by Mr.
−Removed: Desch, all shares listed above were purchased under these authorizations in open market transactions.
+Added: Total 4,114,670 $29.65 4,114,670 $430.3 million
+Added: In July 2023, our board of directors authorized a share repurchase program of up to $400.0 million through December 31, 2025, and in September 2024, our board of directors authorized an additional share repurchase program of up to $500.0 million through December 31, 2027.
+Added: Since initiating share repurchases in February 2021, our board has authorized the repurchase of an aggregate $1,500.0 million of our common stock, including the programs referenced above.
+Added: All shares included in the table above were purchased under this authorization in open market transactions.
+Added: Amounts reported in the table above do not include commissions incurred or excise taxes payable in connection with the repurchases.
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.