Ubiquiti Inc. (UI) To Go Ex-Dividend on May 18th

Ubiquiti Inc. (NYSE:UI) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Monday, May 18th will be given a dividend of 0.80 per share on Tuesday, May 26th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, May 18th.

Ubiquiti has raised its dividend by an average of 0.1%per year over the last three years. Ubiquiti has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ubiquiti to earn $15.16 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 21.1%.

Ubiquiti Price Performance

Shares of Ubiquiti stock opened at $624.13 on Friday. The stock has a 50-day simple moving average of $862.64 and a 200-day simple moving average of $702.96. Ubiquiti has a 52-week low of $368.42 and a 52-week high of $1,099.99. The firm has a market cap of $37.77 billion, a price-to-earnings ratio of 40.11 and a beta of 1.46.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, May 8th. The company reported $3.88 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.41). Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The business had revenue of $788.20 million for the quarter, compared to the consensus estimate of $814.30 million. The firm’s revenue was up 18.7% compared to the same quarter last year. As a group, equities research analysts predict that Ubiquiti will post 14.04 earnings per share for the current year.

About Ubiquiti

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi?Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well?known lines—most notably UniFi for managed LAN/Wi?Fi and networked video, AmpliFi for consumer Wi?Fi, and product families targeting service?provider and point?to?point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud?enabled control as core features of its platform approach.