Utah Medical Products, Inc. (NASDAQ:UTMD) to Issue Quarterly Dividend of $0.31

Utah Medical Products, Inc. (NASDAQ:UTMD) announced a quarterly dividend on Tuesday, November 4th. Investors of record on Tuesday, December 16th will be given a dividend of 0.31 per share by the medical instruments supplier on Monday, January 5th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a 1.6% increase from Utah Medical Products’s previous quarterly dividend of $0.31.

Utah Medical Products has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years.

Utah Medical Products Price Performance

UTMD stock traded down $0.19 during midday trading on Wednesday, hitting $58.30. The stock had a trading volume of 15,394 shares, compared to its average volume of 15,754. The firm has a market cap of $186.91 million, a price-to-earnings ratio of 16.82 and a beta of 0.32. The business has a 50-day moving average of $61.50 and a two-hundred day moving average of $57.74. Utah Medical Products has a 52-week low of $51.26 and a 52-week high of $68.99.

Utah Medical Products (NASDAQ:UTMD) last issued its quarterly earnings results on Thursday, October 23rd. The medical instruments supplier reported $0.82 earnings per share (EPS) for the quarter. Utah Medical Products had a net margin of 30.08% and a return on equity of 9.90%. The company had revenue of $9.81 million during the quarter.

Hedge Funds Weigh In On Utah Medical Products

Institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. increased its position in shares of Utah Medical Products by 159.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 587 shares of the medical instruments supplier’s stock valued at $33,000 after purchasing an additional 361 shares during the last quarter. CWM LLC increased its position in Utah Medical Products by 287.4% in the second quarter. CWM LLC now owns 829 shares of the medical instruments supplier’s stock worth $47,000 after buying an additional 615 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Utah Medical Products by 156.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 894 shares of the medical instruments supplier’s stock valued at $50,000 after buying an additional 546 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Utah Medical Products by 3,272.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,349 shares of the medical instruments supplier’s stock valued at $85,000 after acquiring an additional 1,309 shares during the period. Finally, State of Wyoming bought a new stake in Utah Medical Products during the 2nd quarter worth approximately $132,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

About Utah Medical Products

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.