Utah Medical Products, Inc. (NASDAQ:UTMD) Announces Dividend Increase – $0.31 Per Share

Utah Medical Products, Inc. (NASDAQ:UTMD) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.305 per share by the medical instruments supplier on Friday, January 3rd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Monday, December 16th. This is a positive change from Utah Medical Products’s previous quarterly dividend of $0.30.

Utah Medical Products has raised its dividend payment by an average of 1.8% per year over the last three years.

Utah Medical Products Stock Performance

NASDAQ:UTMD traded up $3.17 during mid-day trading on Thursday, reaching $67.17. 74,734 shares of the company’s stock were exchanged, compared to its average volume of 22,267. Utah Medical Products has a one year low of $63.38 and a one year high of $87.86. The firm has a market capitalization of $233.75 million, a PE ratio of 15.73 and a beta of 0.08. The business’s fifty day simple moving average is $66.00 and its two-hundred day simple moving average is $67.31.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Utah Medical Products from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 30th.

Utah Medical Products Company Profile

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.