Utah Medical Products, Inc. (NASDAQ:UTMD) to Issue Quarterly Dividend of $0.30

Utah Medical Products, Inc. (NASDAQ:UTMD) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.30 per share by the medical instruments supplier on Friday, July 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, June 14th.

Utah Medical Products has increased its dividend by an average of 1.8% annually over the last three years and has increased its dividend every year for the last 2 years.

Utah Medical Products Stock Performance

Shares of UTMD traded down $0.16 during midday trading on Thursday, hitting $68.83. 3,295 shares of the stock were exchanged, compared to its average volume of 25,457. The firm has a market cap of $247.10 million, a P/E ratio of 15.33 and a beta of 0.15. Utah Medical Products has a 52-week low of $65.91 and a 52-week high of $100.59. The stock has a fifty day simple moving average of $68.99 and a 200 day simple moving average of $76.36.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UTMD shares. StockNews.com downgraded Utah Medical Products from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 7th. TheStreet cut Utah Medical Products from a “b-” rating to a “c+” rating in a report on Monday, February 12th.

Utah Medical Products Company Profile

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.