Ubiquiti Inc. (NYSE:UI) Announces Quarterly Dividend of $0.60

Ubiquiti Inc. (NYSE:UI) declared a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.60 per share on Monday, February 24th. This represents a $2.40 annualized dividend and a yield of 0.61%.

Ubiquiti has increased its dividend payment by an average of 6.3% annually over the last three years. Ubiquiti has a dividend payout ratio of 25.5% 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 $2.40 annual dividend with an expected future payout ratio of 29.6%.

Ubiquiti Trading Down 8.0 %

Shares of UI stock opened at $392.56 on Friday. The company has a market cap of $23.74 billion, a PE ratio of 60.77 and a beta of 1.14. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The stock’s 50 day simple moving average is $369.19 and its two-hundred day simple moving average is $280.48. Ubiquiti has a 1 year low of $104.24 and a 1 year high of $469.98.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. Research analysts predict that Ubiquiti will post 7.21 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on UI shares. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Barclays upped their target price on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research note on Monday, November 11th. Finally, BWS Financial raised their price target on Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th.

Ubiquiti Company Profile

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.