By Connor Hart
Ubiquiti raised its quarterly cash dividend to 80 cents from 60 cents.
The new payout, equal to $3.20 a year, represents an annual yield of about 0.8% based on Thursday's closing price of $390.57.
The New York network-infrastructure company said Friday that the higher dividend will be paid Sept. 8 to shareholders of record as of Sept. 2.
Also before the bell, Ubiquiti approved a new $500 million share-repurchase plan, and the company logged higher profit and revenue in its fiscal fourth quarter.
Shares rose 4%, to $406.21, in premarket trading. The stock has doubled in the past year.
For its three months ended June 30, Ubiquiti posted a profit of $266.7 million, or $4.41 a share, compared with $103.8 million, or $1.72 a share, a year earlier. On an adjusted basis, quarterly earnings were $3.54 a share.
Quarterly revenue jumped 50% to $759.2 million.
Revenue from Ubiquiti's enterprise technology unit surged 58% to $680.1 million, while revenue from the company's service-provider technology business edged 4.3% higher to $79 million.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
August 22, 2025 07:25 ET (11:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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