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

Ubiquiti Inc. (NYSE:UI - Get Free Report) declared a quarterly dividend on Friday, February 7th,RTT News reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.60 per share on Monday, February 24th. This represents a $2.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, February 18th.

Ubiquiti has increased its dividend payment by an average of 6.3% per year over the last three years. Ubiquiti has a dividend payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. 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 5.7 %

Shares of Ubiquiti stock traded down $20.97 during trading on Tuesday, hitting $346.09. The stock had a trading volume of 112,387 shares, compared to its average volume of 110,389. The stock has a 50 day simple moving average of $369.49 and a 200 day simple moving average of $283.43. The company has a market capitalization of $20.93 billion, a PE ratio of 53.57 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. Ubiquiti has a 1 year low of $104.24 and a 1 year high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last released its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. On average, research analysts expect that Ubiquiti will post 7.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UI. StockNews.com upgraded Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. BWS Financial restated a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a report on Monday. Finally, Barclays decreased their target price on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research report on Monday.

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.