Ubiquiti Inc. (UI) To Go Ex-Dividend on May 19th

Ubiquiti Inc. (NYSE:UI) announced a quarterly dividend on Monday, May 12th, Wall Street Journal reports. Investors of record on Monday, May 19th will be paid a dividend of 0.60 per share on Tuesday, May 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, May 19th.

Ubiquiti has increased its dividend payment by an average of 6.3% per year over the last three years. Ubiquiti has a dividend payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ubiquiti to earn $8.10 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 29.6%.

Ubiquiti Trading Up 5.1%

Ubiquiti stock opened at $456.42 on Wednesday. The stock has a 50-day simple moving average of $319.86 and a 200 day simple moving average of $338.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. The stock has a market capitalization of $27.61 billion, a P/E ratio of 62.01 and a beta of 1.32. Ubiquiti has a 52 week low of $134.72 and a 52 week high of $469.98.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same quarter in the prior year, the business earned $1.36 earnings per share. Analysts expect that Ubiquiti will post 7.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UI shares. BWS Financial restated a “buy” rating and set a $440.00 price target on shares of Ubiquiti in a report on Monday. Barclays boosted their target price on Ubiquiti from $222.00 to $247.00 and gave the stock an “underweight” rating in a research report on Monday.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.