Utah Medical Products, Inc. (UTMD) Raises Dividend to $0.28 Per Share

Utah Medical Products, Inc. (NASDAQ:UTMD) announced a quarterly dividend on Tuesday, October 30th, Zacks reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.275 per share by the medical instruments supplier on Thursday, January 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from Utah Medical Products’s previous quarterly dividend of $0.27.

Utah Medical Products has decreased its dividend payment by an average of 7.5% per year over the last three years and has increased its dividend every year for the last 7 years.

UTMD stock traded up $0.53 during midday trading on Friday, reaching $90.68. 8,469 shares of the company’s stock traded hands, compared to its average volume of 10,643. Utah Medical Products has a 52-week low of $78.95 and a 52-week high of $117.65. The stock has a market cap of $336.64 million, a P/E ratio of 21.77 and a beta of 0.62.

Utah Medical Products (NASDAQ:UTMD) last announced its earnings results on Tuesday, October 23rd. The medical instruments supplier reported $0.95 EPS for the quarter. Utah Medical Products had a net margin of 29.78% and a return on equity of 18.64%. The business had revenue of $10.39 million during the quarter.

Separately, BidaskClub raised shares of Utah Medical Products from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st.

In other Utah Medical Products news, Director Barbara A. Payne sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $93.79, for a total transaction of $103,169.00. Following the completion of the sale, the director now directly owns 24,929 shares of the company’s stock, valued at $2,338,090.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.80% of the stock is currently owned by corporate insiders.

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About Utah Medical Products

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

Featured Story: Ex-Dividend

Dividend History for Utah Medical Products (NASDAQ:UTMD)

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