Ubiquiti Inc. (NYSE:UI) to Issue Quarterly Dividend of $0.80

Ubiquiti Inc. (NYSE:UI) announced a quarterly dividend on Friday, November 7th. Investors of record on Monday, November 17th will be paid a dividend of 0.80 per share on Monday, November 24th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, November 17th.

Ubiquiti has increased its dividend payment by an average of 0.1%per year over the last three years. Ubiquiti has a payout ratio of 34.4% meaning 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 $3.20 annual dividend with an expected future payout ratio of 39.5%.

Ubiquiti Trading Down 19.4%

Ubiquiti stock opened at $612.50 on Friday. Ubiquiti has a 1 year low of $255.00 and a 1 year high of $803.59. The company’s 50-day moving average is $671.75 and its two-hundred day moving average is $501.81. The company has a market cap of $37.06 billion, a PE ratio of 52.04 and a beta of 1.50.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, November 7th. The company reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $702.38 million. Research analysts forecast that Ubiquiti will post 7.21 EPS for the current year.

Analysts Set New Price Targets

UI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ubiquiti in a research note on Wednesday, October 8th. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Barclays boosted their price objective on shares of Ubiquiti from $247.00 to $299.00 and gave the company an “underweight” rating in a report on Friday, August 22nd. BWS Financial lifted their price objective on Ubiquiti from $600.00 to $720.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, UBS Group set a $600.00 target price on Ubiquiti in a report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ubiquiti currently has an average rating of “Hold” and a consensus target price of $539.67.

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.