Utah Medical Products, Inc. (UTMD) Declares Dividend Increase – $0.28 Per Share
Utah Medical Products, Inc. (NASDAQ:UTMD) declared a quarterly dividend on Tuesday, October 30th, Zacks reports. Investors of record on Friday, December 14th will be given a dividend of 0.275 per share by the medical instruments supplier on Thursday, January 3rd. This represents a $1.10 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, December 13th. This is a positive change from Utah Medical Products’s previous quarterly dividend of $0.27.
Utah Medical Products has decreased its dividend by an average of 7.5% annually over the last three years and has raised its dividend annually for the last 7 consecutive years.
UTMD traded up $0.53 on Friday, hitting $90.68. 8,469 shares of the company were exchanged, compared to its average volume of 10,643. Utah Medical Products has a twelve month low of $78.95 and a twelve month high of $117.65. The stock has a market capitalization of $336.64 million, a price-to-earnings ratio of 21.77 and a beta of 0.62.
Separately, BidaskClub raised Utah Medical Products from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th.
In related news, Director Barbara A. Payne sold 1,100 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $93.79, for a total transaction of $103,169.00. Following the completion of the transaction, the director now directly owns 24,929 shares of the company’s stock, valued at approximately $2,338,090.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.80% of the company’s stock.
About Utah Medical Products
Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. 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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