Ubiquiti Inc. (NYSE:UI) Declares $0.80 Quarterly Dividend

Ubiquiti Inc. (NYSE:UI – Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.80 per share on Tuesday, May 26th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, May 18th.

Ubiquiti has increased its dividend payment by an average of 0.1%per year over the last three years. Ubiquiti has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ubiquiti to earn $15.16 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 21.1%.

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Ubiquiti Stock Performance

Shares of NYSE UI opened at $624.13 on Friday. The stock has a market cap of $37.77 billion, a PE ratio of 40.11 and a beta of 1.46. Ubiquiti has a fifty-two week low of $368.42 and a fifty-two week high of $1,099.99. The stock has a fifty day moving average of $862.64 and a 200-day moving average of $702.96.

Ubiquiti (NYSE:UI – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.41). The company had revenue of $788.20 million during the quarter, compared to analysts’ expectations of $814.30 million. Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The company’s revenue was up 18.7% compared to the same quarter last year. On average, sell-side analysts predict that Ubiquiti will post 14.04 EPS for the current year.

Institutional Trading of Ubiquiti

Hedge funds have recently made changes to their positions in the stock. Vision Retirement LLC bought a new stake in shares of Ubiquiti during the 1st quarter worth $25,000. Blue Trust Inc. lifted its stake in Ubiquiti by 87.5% in the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after purchasing an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new stake in Ubiquiti in the third quarter worth $33,000. Quarry LP bought a new stake in Ubiquiti in the third quarter worth $34,000. Finally, CIBC Private Wealth Group LLC lifted its stake in Ubiquiti by 238.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after purchasing an additional 50 shares during the last quarter. 4.00% of the stock is owned by institutional investors.

About Ubiquiti

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Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.

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