Utah Medical Products, Inc. (NASDAQ:UTMD) Raises Dividend to $0.31 Per Share

Utah Medical Products, Inc. (NASDAQ:UTMD) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors 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 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Utah Medical Products’s previous quarterly dividend of $0.30.

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

Utah Medical Products Trading Up 1.4 %

NASDAQ UTMD traded up $0.94 during mid-day trading on Thursday, reaching $68.11. 1,594 shares of the company’s stock traded hands, compared to its average volume of 22,171. Utah Medical Products has a 1-year low of $63.38 and a 1-year high of $87.86. The company has a fifty day simple moving average of $66.00 and a 200-day simple moving average of $67.31. The company has a market cap of $237.02 million, a price-to-earnings ratio of 15.73 and a beta of 0.08.

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 note 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.