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.
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.
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