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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.