Ubiquiti Inc. (NYSE:UI) to Issue Dividend Increase – $1.00 Per Share

Ubiquiti Inc. (NYSE:UI) announced a quarterly dividend on Friday, August 21st. Stockholders of record on Monday, August 31st will be paid a dividend of 1.00 per share on Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, August 31st. This is a 25.0% increase from Ubiquiti’s previous quarterly dividend of $0.80.

Ubiquiti has increased its dividend payment 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 $15.53 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 20.6%.

Ubiquiti Stock Down 2.9%

NYSE UI traded down $16.73 during trading hours on Friday, hitting $557.14. The company’s stock had a trading volume of 448,417 shares, compared to its average volume of 113,992. The stock has a fifty day moving average of $553.35 and a 200 day moving average of $690.80. Ubiquiti has a twelve month low of $440.00 and a twelve month high of $1,099.99. The firm has a market capitalization of $33.72 billion, a P/E ratio of 35.81 and a beta of 1.31.

Ubiquiti Company Profile

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.