Ubiquiti Inc. (NYSE:UI – Get Free Report) announced a quarterly dividend on Friday, November 6th. Investors of record on Monday, November 16th will be paid a dividend of $1.00 per share on Monday, November 23rd. This represents a $4.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, November 16th.
Ubiquiti has raised its dividend payment by an average of 0.1% per year over the last three years. Ubiquiti has a dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ubiquiti to earn $18.80 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 21.3%.
Ubiquiti Stock Performance
Shares of UI opened at $592.50 on Friday. The stock has a 50 day moving average price of $586.72 and a 200 day moving average price of $657.17. Ubiquiti has a one year low of $500.23 and a one year high of $1,099.99. The stock has a market capitalization of $35.85 billion, a price-to-earnings ratio of 33.46 and a beta of 1.34.
Ubiquiti (NYSE:UI – Get Free Report) last announced its quarterly earnings data on Friday, November 6th. The company reported $5.32 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $1.07. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $977.45 million. Ubiquiti had a return on equity of 85.57% and a net margin of 29.33%. On average, analysts predict that Ubiquiti will post 16.94 earnings per share for the current year.
About Ubiquiti
Ubiquiti Inc develops and sells networking technology for businesses, service providers and consumers. Its products include wireless access points, routers, switches and broadband wireless equipment, along with network management software and security devices such as cameras and access control systems.
The company markets products under brands including UniFi, airMAX, EdgeMAX and AmpliFi. Its UniFi platform brings together networking, video surveillance and access control products with centralized management tools.
Founded in 2003 by Robert Pera, Ubiquiti serves customers globally through distributors, online channels and retail partners.
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