IRDMB
is a stock ticker symbol used by Iridium Communications Inc. for their
6.75% Series B Cumulative Perpetual Convertible Preferred Stock.
Iridium Communications Inc. is a company that provides mobile
voice and data communications services using a network of 66 low-earth
orbit satellites. The company offers various products and services,
including voice and data handsets, machine-to-machine devices,
broadband data services, and other accessories.
The 6.75%
Series B Cumulative Perpetual Convertible Preferred Stock is a type of
preferred stock that pays a fixed dividend of 6.75% annually and is
convertible into common stock of the company at a pre-determined
conversion rate. As a preferred stock, it has priority over common
stock in terms of dividend payments and liquidation.
Investors
may consider preferred stocks like IRDMB for their relatively high
dividend yields and lower volatility compared to common stocks.
However, preferred stocks may have lower potential for capital
appreciation and may be more sensitive to changes in interest rates.
As with any investment, it is important to conduct thorough
research and consult with a financial advisor before making any
investment
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