Key Highlights

• Iridium's $0.15 quarterly Dividend trades with a September 15, 2026 record date, payable September 30.

• Second-quarter Revenue rose 4% to $225.2 million, with service revenue at 72% of the total, while Net Income fell to $9.7 million from $22.0 million on higher transaction-related costs.

• Iridium shareholders are scheduled to vote on the pending Rocket Lab Acquisition on September 24, 2026, with the deal valued at $54 per share and expected to close in mid-2027.

• The company does not intend to hold conference calls or provide financial guidance while the transaction remains pending.

Iridium Communications' (NASDAQ:IRDM) $0.15 quarterly dividend trades with a September 15 Record Date and September 30 payment date. The company said it does not intend to hold conference calls to discuss quarterly results or provide financial guidance in light of the pending Rocket Lab transaction, with shareholders scheduled to vote on the deal September 24.

Dividend Program and Shareholder Returns

Iridium declared a $0.15 per share quarterly common dividend, payable September 30 to shareholders of record September 15. The annualized dividend is $0.60 per share, a rate maintained through the pending Merger process rather than adjusted in anticipation of the transaction. The dividend has grown at an average annual rate of roughly 3.6% over the past four years, with the company noting the payout is currently covered by both Earnings and cash flow; however, its long-term continuation on the present schedule is contingent on the outcome of the Rocket Lab vote and the terms of the combined company that would emerge from a completed deal.

About the Company

Iridium operates a global low-Earth-orbit satellite communications network providing voice, data, IoT, messaging and other connectivity services in remote areas, including oceans and polar regions, serving government agencies, defense organizations, maritime operators and industrial businesses.

Financial Performance Behind the Payout

Iridium reported second-quarter total revenue of $225.2 million, up 4% year over year, with service revenue of $161.3 million representing 72% of the total. Net income was $9.7 million, or $0.09 per diluted share, compared with $22.0 million and $0.20 a year earlier, which the company attributed to higher selling, general and administrative expenses, up 50%, tied to Rocket Lab merger and Aireon acquisition Transaction Costs and higher professional fees. Operational EBITDA was $119.1 million, down slightly from $121.3 million a year earlier. Billable subscribers reached 2,627,000, up 6% year over year, led by commercial IoT growth. For the first six months, revenue was $444.3 million, up 3%, while net income declined to $31.3 million from $52.4 million.

Rocket Lab Acquisition and Aireon Closing

On June 28, 2026, Iridium entered a definitive agreement under which Rocket Lab Corporation will acquire the company for $54 per share, consisting of $27 in cash plus a variable amount of Rocket Lab stock based on a defined exchange ratio. Iridium shareholders are scheduled to vote on the transaction at a special virtual meeting on September 24, 2026, with closing expected in mid-2027. Separately, in July 2026, Iridium closed its acquisition of the remaining 60.5% of Aireon Holdings for approximately $366.7 million.

Outlook

With the antitrust Waiting Period already cleared, the September 24 vote itself is the next concrete milestone ahead of the stated mid-2027 close. The completed Aireon transaction will need to be evaluated within the combined Rocket Lab-Iridium structure once that broader deal closes.