Ubiquiti Inc. (UI) To Go Ex-Dividend on November 17th

Ubiquiti Inc. (NYSE:UI) announced a quarterly dividend on Friday, November 7th. Investors of record on Monday, November 17th will be given a dividend of 0.80 per share on Monday, November 24th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th.

Ubiquiti has increased its dividend by an average of 0.1%annually 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 $8.10 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 39.5%.

Ubiquiti Trading Up 0.1%

NYSE:UI traded up $0.67 during trading hours on Friday, reaching $558.32. 157,195 shares of the company were exchanged, compared to its average volume of 134,148. The stock’s 50-day moving average is $674.30 and its 200-day moving average is $511.03. The firm has a market cap of $33.78 billion, a PE ratio of 47.44 and a beta of 1.50. Ubiquiti has a twelve month low of $255.00 and a twelve month high of $803.59.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, November 7th. The company reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.98. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. The business had revenue of $733.77 million for the quarter, compared to analyst estimates of $702.38 million. As a group, research analysts anticipate that Ubiquiti will post 7.21 EPS for the current year.

About Ubiquiti

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.