Utah Medical Products, Inc. (NASDAQ:UTMD) Declares $0.27 Quarterly Dividend

Utah Medical Products, Inc. (NASDAQ:UTMD) announced a quarterly dividend on Thursday, August 3rd, Zacks reports. Investors of record on Friday, September 15th will be paid a dividend of 0.265 per share by the medical instruments supplier on Tuesday, October 3rd. This represents a $1.06 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, September 14th.

Shares of Utah Medical Products (NASDAQ UTMD) traded up 2.41% during midday trading on Friday, reaching $70.20. 4,712 shares of the company were exchanged. The firm has a market capitalization of $260.93 million, a P/E ratio of 20.13 and a beta of 0.74. The firm has a 50-day moving average of $71.35 and a 200 day moving average of $65.13. Utah Medical Products has a 52 week low of $56.30 and a 52 week high of $75.00.

Several brokerages have weighed in on UTMD. BidaskClub lowered shares of Utah Medical Products from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine raised shares of Utah Medical Products from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th.

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Utah Medical Products Company Profile

Utah Medical Products, Inc (UTMD) is engaged in the business of producing medical devices that are disposable and for hospital use. The Company’s product categories include labor and delivery/obstetrics, including fetal monitoring accessories, Vacuum-Assisted Delivery Systems (VAD), and other labor and delivery tools; neonatal intensive care, including DISPOSA-HOOD, DELTRAN PLUS and GESCO; gynecology/urology/electrosurgery, including LETZ System, FINESSE+ Generator, EPITOME, PATHFINDER PLUS, HOLMIUM LASER FIBRES, LIBERTY System, ENDOCURETTE, TVUS/HSG-Cath and LUMIN, and blood pressure monitoring, including DELTRAN Disposable Pressure Transducer (DPT), and pressure monitoring accessories, components and other molded parts.