Utah Medical Products, Inc. (NASDAQ:UTMD) Plans Dividend Increase – $0.32 Per Share

Utah Medical Products, Inc. (NASDAQ:UTMD) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Thursday, December 17th will be paid a dividend of $0.3150 per share by the medical instruments supplier on Tuesday, January 5th. This represents a $1.26 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, December 17th. This is a 1.6% increase from Utah Medical Products’s previous quarterly dividend of $0.31.

Utah Medical Products Stock Performance

NASDAQ UTMD opened at $70.02 on Wednesday. The stock has a market capitalization of $222.66 million, a P/E ratio of 20.96 and a beta of 0.38. Utah Medical Products has a 1 year low of $53.66 and a 1 year high of $76.89. The business’s fifty day moving average is $72.85 and its two-hundred day moving average is $68.12.

Utah Medical Products (NASDAQ:UTMD) last released its earnings results on Thursday, October 22nd. The medical instruments supplier reported $0.88 earnings per share for the quarter. The business had revenue of $8.62 million for the quarter. Utah Medical Products had a net margin of 30.48% and a return on equity of 8.83%.

Utah Medical Products Company Profile

Utah Medical Products, Inc (NASDAQ:UTMD) develops, manufactures and distributes medical devices used primarily in hospital and clinical settings. The company focuses on specialized products for women’s health, childbirth, neonatal care, electrosurgery, gastroenterology and related medical applications.

Its product portfolio includes fetal monitoring electrodes and catheters, intrauterine pressure monitoring devices, vacuum-assisted delivery systems, neonatal respiratory and care products, electrosurgical accessories, and other disposable and specialty medical instruments.