Utah Medical Products, Inc. Announces Quarterly Dividend of $0.31 (NASDAQ:UTMD)

Utah Medical Products, Inc. (NASDAQ:UTMD) announced a quarterly dividend on Friday, June 13th, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.305 per share by the medical instruments supplier on Thursday, July 3rd. This represents a $1.22 annualized dividend and a yield of 2.21%. The ex-dividend date is Monday, June 16th.

Utah Medical Products Stock Down 3.8%

UTMD opened at $55.16 on Friday. The business has a 50 day moving average price of $54.05 and a two-hundred day moving average price of $58.26. Utah Medical Products has a 52 week low of $51.26 and a 52 week high of $77.33. The company has a market cap of $179.16 million, a PE ratio of 13.96 and a beta of 0.27.

Utah Medical Products (NASDAQ:UTMD) last released its earnings results on Tuesday, April 29th. The medical instruments supplier reported $0.92 earnings per share (EPS) for the quarter. Utah Medical Products had a return on equity of 11.07% and a net margin of 33.92%. The company had revenue of $9.71 million for the quarter.

Hedge Funds Weigh In On Utah Medical Products

A hedge fund recently bought a new stake in Utah Medical Products stock. Jane Street Group LLC bought a new position in shares of Utah Medical Products, Inc. (NASDAQ:UTMD) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 5,653 shares of the medical instruments supplier’s stock, valued at approximately $317,000. Jane Street Group LLC owned 0.17% of Utah Medical Products at the end of the most recent quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

About Utah Medical Products

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.