Medical Transcription Billing Declares Dividend Equal to $2.75 Per Share Per Year; Shares Flat in Pre Market (NASDAQ:MTBC)

Medical Transcription Billing (NASDAQ:MTBC), a provider of web-based electronic health records, has declared monthly cash dividends for its series A preferred stock equivalent to $2.75 per year per share. The dividends on the series A preferred stock are payable monthly on the 15th day of each month. In Tuesday’s pre-market session, shares of Medical Transcription Billing were flat at $1.02, and have a 52-week range of $0.68 – $2.50.

The stock is down 4.90% or $0.05 after the news, hitting $0.97 per share. About 12,336 shares traded hands. Medical Transcription Billing Corp (NASDAQ:MTBC) has declined 52.78% since August 27, 2015 and is downtrending. It has underperformed by 56.73% the S&P500.

Medical Transcription Billing, Corp., a healthcare information technology company, provides an integrated suite of Web-based solutions and related business services to healthcare providers primarily in the United States. It primarily offers PracticePro, a Web-based software-as-a-service platform, which includes practice management solutions and related tools, which facilitate the day-to-day operation of a medical practice; electronic health record (EHR) solutions that enables customers to reduce paperwork and qualify for government incentives; revenue cycle management services, such as end-to-end medical billing, analytics, and related services; and mobile health solutions, including smartphone applications that assist patients and healthcare providers in the provision of healthcare services.

The company also provides ChartsPro, a Web-based EHR solution; transcription, coding, indexing, and other ancillary services; clearinghouse services, which enables clients to track claim status; batch electronic claim and payment transaction clearing services; and electronic data interchange management system that audits, manages, and controls the exchange of information. It serves physicians, nurses, nurse practitioners, physician assistants, and other clinical staff that render bills for their services. The company was founded in 1999 and is headquartered in Somerset, New Jersey.

Resources:http://sonoranweeklyreview.com/medical-transcription-billing-declares-dividend-equal-to-2-75-per-share-per-year-shares-flat-in-pre-market-nasdaqmtbc/

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