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

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

Ubiquiti has increased 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. 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 Performance

Shares of UI opened at $557.14 on Friday. Ubiquiti has a 52-week low of $440.00 and a 52-week high of $1,099.99. The firm has a market cap of $33.72 billion, a price-to-earnings ratio of 35.81 and a beta of 1.31. The business’s fifty day moving average is $552.74 and its 200-day moving average is $689.87.

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.