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

Utah Medical Products, Inc. (NASDAQ:UTMD) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Monday, December 16th will be paid 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 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 increased its dividend by an average of 1.8% per year over the last three years.

Utah Medical Products Price Performance

Shares of UTMD stock opened at $67.17 on Thursday. The business’s 50 day simple moving average is $66.00 and its 200 day simple moving average is $67.31. Utah Medical Products has a one year low of $63.38 and a one year high of $87.86. The stock has a market capitalization of $233.75 million, a PE ratio of 15.73 and a beta of 0.08.

Wall Street Analysts Forecast Growth

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

About Utah Medical Products

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.