Utah Medical Products (UTMD) will raise its quarterly dividend by another 1.8 percent to $0.29 per share, marking the 18th consecutive year of dividend increases by the medical devices manufacturer. In 2021 UTMD also paid a special dividend of $2.00 per share.

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.