Ubiquiti Inc. (NYSE:UI – Get Free Report) announced a quarterly dividend on Friday, August 23rd, NASDAQ reports. Investors of record on Tuesday, September 3rd will be given a dividend of 0.60 per share on Monday, September 9th. This represents a $2.40 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, September 3rd.
Ubiquiti has increased its dividend payment by an average of 19.7% annually over the last three years. Ubiquiti has a payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ubiquiti to earn $6.36 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 37.7%.
Ubiquiti Trading Up 9.8 %
Shares of NYSE:UI traded up $17.25 during mid-day trading on Friday, hitting $193.88. The stock had a trading volume of 160,374 shares, compared to its average volume of 79,098. The company has a debt-to-equity ratio of 32.43, a quick ratio of 1.84 and a current ratio of 3.95. The company has a market cap of $11.72 billion, a PE ratio of 32.91 and a beta of 1.18. Ubiquiti has a 12-month low of $103.00 and a 12-month high of $194.59. The company’s 50 day moving average is $162.60 and its 200-day moving average is $136.59.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Ubiquiti
Ubiquiti Company Profile
Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.
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