Health care information technology company Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP) this morning announced that its board of directors has declared monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock for March, April and May of this year. Holders of these shares are entitled to receive cumulative cash dividends at the rate of 11% of the $25 per share liquidation preference per annum, which is equivalent to $2.75 per year per share. The applicable record date related to this dividend will be the last day of the calendar month, with the dividend becoming payable on or around the 15th day of each month. Medical Transcription Billing’s Series A Preferred Stock trades on the Nasdaq Capital Markets under the ticker symbol MTBCP.
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Medical Transcription Billing, Corp. is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers throughout the United States. Our integrated Software-as-a-Service (or SaaS) platform helps our customers increase revenues, streamline workflows and make better business and clinical decisions, while reducing administrative burdens and operating costs. MTBC’s common stock trades on the NASDAQ Capital Market under the ticker symbol “MTBC,” and its Series A Preferred Stock trades on the NASDAQ Capital Market under the ticker symbol “MTBCP.” For additional information, please visit our website at www.MTBC.com
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