Utah Medical Products, Inc. (NASDAQ:UTMD) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.275 per share by the medical instruments supplier on Wednesday, July 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 13th.
Utah Medical Products has increased its dividend payment by an average of 1.8% per year over the last three years and has raised its dividend annually for the last 8 consecutive years.
UTMD traded down $1.72 during trading on Friday, reaching $79.75. 14,100 shares of the company’s stock were exchanged, compared to its average volume of 14,669. Utah Medical Products has a one year low of $73.98 and a one year high of $117.65. The firm has a market capitalization of $303.55 million, a price-to-earnings ratio of 21.01 and a beta of 0.68.
A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Utah Medical Products from a “sell” rating to a “strong sell” rating in a research report on Monday. ValuEngine downgraded shares of Utah Medical Products from a “buy” rating to a “hold” rating in a research report on Friday, February 15th.
Utah Medical Products Company Profile
Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry in the United States, Europe, and internationally. The company offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD, an infant respiratory hood; and DELTRAN PLUS, a blood pressure monitoring system.
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