Ubiquiti (NYSE: UI) has made headlines with recent updates regarding price targets and ratings changes from various analysts. In addition to these financial adjustments, the company has announced a quarterly dividend, affirming its commitment to returning value to shareholders.
The dividend, amounting to $0.80 per share, was paid on November 24, 2023. Shareholders who were on record as of November 17, 2023, received this payment, which translates to an annualized dividend of $3.20 and a dividend yield of 0.6%. Ubiquiti’s current dividend payout ratio stands at 24.46%, indicating a sustainable approach to shareholder returns.
Recent Insider Transactions
In related news, Ubiquiti’s Chief Accounting Officer, Kevin Radigan, sold 350 shares of the company’s stock on November 12, 2023. The sale was executed at an average price of $576.58 per share, resulting in a total transaction value of $201,803. Following this transaction, Radigan’s remaining holdings consist of 2,768 shares, valued at approximately $1,595,973.44. This sale reflects an 11.23% decrease in his position within the company. The details of this transaction were disclosed in a legal filing with the Securities and Exchange Commission (SEC).
Ubiquiti is noteworthy for its innovative developments in networking technology, catering to service providers, enterprises, and consumers. The company focuses on creating technology platforms that facilitate high-capacity distributed Internet access, unified information technology, and consumer electronics for professional and personal use. Its product offerings include carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing solutions, alongside enterprise-level products such as wireless LAN infrastructure and video surveillance systems.
As analysts continue to adjust their ratings and price targets for Ubiquiti, the company’s ability to effectively manage its dividend payouts and insider trading activities will likely remain of interest to investors. The ongoing engagement from insiders, who own 93.10% of the company’s stock, reflects a strong belief in Ubiquiti’s future performance.
For those seeking more information, Ubiquiti provides daily updates on news and analyst ratings through a subscription service, ensuring investors stay informed about the latest developments surrounding the company and its market position.
