Ubiquiti Inc. (NYSE:UI) to Issue Quarterly Dividend of $0.60

Ubiquiti Inc. (NYSE:UI) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.60 per share on Monday, February 24th. This represents a $2.40 annualized dividend and a dividend yield of 0.56%.

Ubiquiti has increased its dividend payment by an average of 6.3% annually over the last three years. Ubiquiti has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ubiquiti to earn $8.10 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 29.6%.

Ubiquiti Trading Up 0.4 %

Shares of UI stock opened at $426.38 on Friday. The company has a market cap of $25.78 billion, a P/E ratio of 66.00 and a beta of 1.14. Ubiquiti has a fifty-two week low of $104.24 and a fifty-two week high of $438.12. The stock has a 50 day simple moving average of $366.79 and a two-hundred day simple moving average of $277.89. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, February 7th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. Research analysts forecast that Ubiquiti will post 7.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

UI has been the subject of several research reports. BWS Financial raised their target price on Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Finally, Barclays upped their target price on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a report on Monday, November 11th.

About Ubiquiti

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.