Ubiquiti Inc. (UI) to Issue Quarterly Dividend of $0.60 on November 25th

Ubiquiti Inc. (NYSE:UI) declared a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.60 per share on Monday, November 25th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Monday, November 18th.

Ubiquiti has increased its dividend payment by an average of 19.7% annually over the last three years. Ubiquiti has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ubiquiti to earn $7.39 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 32.5%.

Ubiquiti Trading Up 19.8 %

Shares of NYSE:UI opened at $312.91 on Friday. Ubiquiti has a 1 year low of $103.27 and a 1 year high of $319.12. The firm has a market capitalization of $18.92 billion, a price-to-earnings ratio of 48.44 and a beta of 1.13. The company has a debt-to-equity ratio of 7.05, a current ratio of 3.22 and a quick ratio of 1.59. The business’s 50 day moving average price is $231.06 and its 200-day moving average price is $179.79.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, August 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. The business had revenue of $507.50 million for the quarter, compared to analysts’ expectations of $538.23 million. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that Ubiquiti will post 7.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barclays decreased their price objective on Ubiquiti from $108.00 to $104.00 and set an “underweight” rating on the stock in a report on Tuesday, August 27th. BWS Financial raised their price objective on Ubiquiti from $160.00 to $240.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, StockNews.com lowered Ubiquiti from a “buy” rating to a “hold” rating in a report on Tuesday, September 3rd.

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.