Digirad Co. (DRAD) Declares Quarterly Dividend of $0.06

Digirad Co. (NASDAQ:DRAD) announced a quarterly dividend on Wednesday, May 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, May 15th will be given a dividend of 0.055 per share by the medical equipment provider on Wednesday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 13.75%. The ex-dividend date is Monday, May 14th.

DRAD stock opened at $1.60 on Thursday. Digirad has a 12-month low of $1.25 and a 12-month high of $4.75. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.51 and a quick ratio of 1.18.

Digirad (NASDAQ:DRAD) last released its earnings results on Tuesday, May 1st. The medical equipment provider reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Digirad had a negative return on equity of 2.16% and a negative net margin of 25.76%. The company had revenue of $25.47 million during the quarter.

Separately, ValuEngine downgraded shares of Digirad from a “buy” rating to a “hold” rating in a research report on Wednesday.

In related news, insider Matthew G. Molchan bought 25,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of $2.14 per share, for a total transaction of $53,500.00. Following the transaction, the insider now directly owns 77,819 shares in the company, valued at $166,532.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.90% of the stock is owned by corporate insiders.

About Digirad

Digirad Corporation provides healthcare solutions in the United States. It operates through Diagnostic Services, Mobile Healthcare, and Diagnostic Imaging segments. The Diagnostic Services segment provides nuclear and ultrasound imaging services to physicians who perform nuclear imaging, echocardiography, vascular or general ultrasound tests, imaging systems, radiopharmaceuticals, and licensing services, as well as offers remote cardiac event monitoring services.

Dividend History for Digirad (NASDAQ:DRAD)

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