Retractable Technologies, Inc. declares dividends to shareholders of Investing.com Series II and III Class B Preferred Stock
LITTLE ELM, Texas–( BUSINESS WIRE )–Retractable Technologies, Inc. (Retractable) (NYSE American: RVP) announced today that its Board of Directors has declared dividends to the holders of Series II Class B and Series III Class B Convertible Preferred Stock in the amounts of $39,050.00 and $18,561.25, respectively. Dividends are accrued at $1.00 per share per year. Dividends cover the period from October 1, 2024 to December 31, 2024. Dividends will be paid on January 20, 2025 to shareholders of record at the close of business on January 10, 2025.
Retractable manufactures and sells VanishPoint ® and Patient Safe ® medical safety products and the EasyPoint ® needle. The VanishPoint ® syringe, blood collection products and IV catheter are designed to prevent needlestick injuries and product reuse by withdrawing the needle directly from the patient, effectively reducing exposure to a contaminated needle. Patient Safe ® syringes are uniquely designed to reduce the risk of bloodstream infections resulting from catheter hub contamination. EasyPoint ® is a retractable needle that can be used with luer lock syringes, luer slip syringes and pre-filled syringes for injection. The EasyPoint ® needle can also be used for fluid aspiration and blood collection. Retractable products are distributed by a variety of specialty and general line distributors.
For more information about Retractable, visit its website at www.retractable.com.
Forward-looking statements in this press release are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 and reflect Retractable’s current views regarding future events. Retractable believes that the expectations expressed in such forward-looking statements are accurate. However, Retractable cannot assure you that such expectations will be realized. Actual future performance could differ materially from such statements.
Factors that could cause or contribute to such differences include, but are not limited to: material changes in demand; tariffs; Retractable’s ability to maintain liquidity; Retractable’s maintenance of patent protection; Retractable’s ability to maintain favorable agreements and relationships between manufacturing and third-party suppliers; foreign trade risk; Retractable’s ability to access the market; production costs; the influence of larger market players in providing devices to the security market; and other risks and uncertainties detailed from time to time in Retractable’s periodic reports filed with the US Securities and Exchange Commission.
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Retractable Technologies, Inc.
John W. Fort III, 888-806-2626 or 972-294-1010
Vice President, Chief Financial Officer and Chief Accounting Officer
Source: Retractable Technologies, Inc.
