May 12, 2010 (FinancialWire) — Retractable Technologies, Inc. (AMEX: RVP) said that its board of directors has declared dividends to holders of the firm’s series I class B and series II class B convertible preferred stock in the amount of $216,000 and $660,555, respectively.

The dividends have accrued at 10% per annum and cover amounts in arrears from June 30, 2007 through date of conversion or June 30, 2010, whichever is applicable. The dividends will be paid on July 15, 2010 to shareholders of record as of the close of business on June 30, 2010.

Texas-based Retractable manufactures and markets safety medical products, principally VanishPoint automated retraction safety syringes, automated retraction blood collection devices, and automated retraction IV catheters.

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