Utah Medical Products (UTMD) will raise its quarterly dividend by 1.9 percent to $0.275 per share in Q4 of 2018. This follows similar dividend increases in the previous two years by the medical devices manufacturer.
The increased dividend is payable on January 3, 2019 to shareholders of record at the close of business on December 14, 2018. The ex-date will normally be December 13.
A new annual dividend of $1.10 per share yields 1.3% at a stock price of $87.65 for UMTD. The company has now increased its dividend for 14 consecutive years.
Utah Medical Products, Inc. is a manufacturer of medical devices. With particular interest in health care for women and their babies, the company develops, manufactures and markets a broad range of disposable and reusable specialty medical devices for hospital use. Its products include fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools. Utah Medical Products, Inc. started paying a quarterly dividend in July 2004.