Red Violet, Inc. (NASDAQ:RDVT), a leading analytics and information solutions provider, announced today that its Board of Directors has declared a special cash dividend on red violet common stock of $0.30 per share, payable on or about February 14, 2025, to shareholders of record as of the close of business on January 31, 2025. The aggregate amount of payment to be made in connection with this special dividend will be approximately $4.2 million.
The special dividend reflects the strong operational performance and financial resilience of red violet. The company's ability to generate significant cash flow has enabled it to fund ongoing investments in innovation, infrastructure, and market expansion while simultaneously enhancing shareholder returns through disciplined capital allocation strategies, including consistent share buybacks. Notwithstanding the continued investment and consistent share buybacks, the company continues to build its cash position on the balance sheet to record levels.
