Utah Medical Products (UTMD) will raise its quarterly dividend by another 1.8 percent to $0.285 per share, marking the 16th consecutive year of dividend increases by the medical devices manufacturer.

The next dividend is payable on January 5, 2021 to shareholders of record at the close of business on December 15, 2020. A new annual rate of  $1.14 per share yields 1.4% at a stock price of $81.25.

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.