Ubiquiti Inc. (NYSE:UI) Shares to Pay Quarterly Dividend of $1.00

Ubiquiti Inc. (NYSE:UI) 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 yield of 0.7%. The ex-dividend date of this dividend is Monday, November 16th.

Ubiquiti has raised its dividend by an average of 0.1% annually over the last three years. Ubiquiti has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 15.2%

Shares of NYSE:UI opened at $592.50 on Friday. The firm has a market cap of $35.85 billion, a price-to-earnings ratio of 37.38 and a beta of 1.34. Ubiquiti has a 12-month low of $500.23 and a 12-month high of $1,099.99. The stock’s 50-day moving average price is $586.72 and its two-hundred day moving average price is $657.17.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, November 6th. The company reported $5.32 EPS for the quarter, beating the consensus estimate of $4.25 by $1.07. Ubiquiti had a return on equity of 85.57% and a net margin of 29.33%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $977.45 million. As a group, research analysts forecast that Ubiquiti will post 16.94 earnings per share for the current fiscal 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.