Ubiquiti Inc. (NYSE:UI) Shares to Pay Quarterly Dividend of $1.00

Ubiquiti Inc. (NYSE:UI – Get Free Report) declared a quarterly dividend on Friday, November 6th. Shareholders of record on Monday, November 16th will be given a dividend of $1.00 per share on Monday, November 23rd. This represents a $4.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, November 16th.

Ubiquiti has increased its dividend by an average of 0.1% annually over the last three years. Ubiquiti has a dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ubiquiti to earn $18.80 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 21.3%.

Ubiquiti Trading Up 15.2%

Shares of UI traded up $78.30 during mid-day trading on Friday, hitting $592.50. The company’s stock had a trading volume of 170,123 shares, compared to its average volume of 117,375. Ubiquiti has a 1-year low of $500.23 and a 1-year high of $1,099.99. The firm has a market capitalization of $35.85 billion, a P/E ratio of 37.38 and a beta of 1.34. The firm has a 50-day simple moving average of $586.66 and a 200 day simple moving average of $657.03.

Ubiquiti (NYSE:UI – Get Free Report) last announced its quarterly earnings data on Friday, November 6th. The company reported $5.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $1.07. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $977.45 million. Ubiquiti had a return on equity of 85.57% and a net margin of 29.33%. As a group, sell-side analysts predict that Ubiquiti will post 16.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UI. BWS Financial reaffirmed a “buy” rating and set a $980.00 price target on shares of Ubiquiti in a research note on Tuesday, September 29th. Barclays reduced their price objective on shares of Ubiquiti from $672.00 to $489.00 and set an “underweight” rating for the company in a research note on Monday, August 24th. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 30th. Finally, Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $734.50.

Check Out Our Latest Stock Analysis on Ubiquiti

Ubiquiti Company Profile

(Get Free Report)

Ubiquiti Inc develops and sells networking technology for businesses, service providers and consumers worldwide. The company’s products are designed to provide wireless connectivity, routing, switching, network management and related communications capabilities.

Ubiquiti’s product portfolio includes the UniFi platform for enterprise and small-business networks, with products such as wireless access points, switches, gateways, security cameras and access-control systems. It also offers solutions for wireless internet service providers and other network operators through its UISP and related product lines, as well as consumer-oriented connectivity products under brands including AmpliFi.

Founded in 2005 by Robert Pera, Ubiquiti distributes its products internationally through distributors, online channels and other sales partners.

See Also

Dividend History for Ubiquiti (NYSE:UI)

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