Digirad Corporation (DRAD) Increases Dividend to $0.06 Per Share
Digirad Corporation (NASDAQ:DRAD) declared a quarterly dividend on Monday, August 7th, Wall Street Journal reports. Shareholders of record on Friday, August 18th will be given a dividend of 0.055 per share by the medical equipment provider on Wednesday, August 30th. This represents a $0.22 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from Digirad Corporation’s previous quarterly dividend of $0.05.
Shares of Digirad Corporation (NASDAQ DRAD) traded down 2.53% during mid-day trading on Monday, reaching $3.85. The company’s stock had a trading volume of 47,711 shares. Digirad Corporation has a one year low of $3.75 and a one year high of $5.68. The stock has a market cap of $76.91 million, a P/E ratio of 124.19 and a beta of 1.89. The stock has a 50 day moving average of $4.05 and a 200-day moving average of $4.64.
Digirad Corporation (NASDAQ:DRAD) last posted its quarterly earnings data on Friday, August 4th. The medical equipment provider reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Digirad Corporation had a positive return on equity of 8.43% and a negative net margin of 2.60%. The business had revenue of $29.79 million for the quarter, compared to analyst estimates of $30.87 million. On average, equities research analysts expect that Digirad Corporation will post $0.12 EPS for the current fiscal year.
A number of research firms have recently weighed in on DRAD. B. Riley reaffirmed a “buy” rating and set a $6.40 price objective on shares of Digirad Corporation in a research report on Saturday. TheStreet lowered Digirad Corporation from a “b” rating to a “c+” rating in a research report on Friday, April 28th. Finally, Zacks Investment Research raised Digirad Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd.
Digirad Corporation Company Profile
Digirad Corporation provides healthcare solutions. The Company’s segments include Diagnostic Services, Mobile Healthcare, Diagnostic Imaging and Medical Device Sales and Services. Through Diagnostic Services, the Company offers an imaging services program as an alternative to purchasing equipment or outsourcing the procedures to another physician or imaging center.
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