Retractable Technologies (NYSE:RVP) announced that its board of directors declared dividends to holders of its convertible preferred stock.

The dividends declared to holders of Retractable Technologies’ Series II Class B and Series III Class B convertible preferred stock totals amounts of $39,050 and $19,061.25, respectively.

Dividends have accrued a $1 per share per annum and cover the period beginning April 1, 2022, through June 30, 2022. They will be paid on July 21, 2022, to shareholders of record as of the close of business on July 11, 2022, according to a news release.

The Little Elm, Texas-based company manufactures and markets the VanishPoint syringe, blood collection and IV catheter products, as well as the Patient Safe syringes and the EasyPoint retractable needle.