Ubiquiti Networks (UBNT) Initiates Qtr. Dividend at 17c/Share; Yields 1.8%

Ubiquiti Networks (NASDAQ: UBNT) has initiated a quarterly dividend of $0.17 per share, or $0.68 annualized.

The dividend will be payable on October 28, 2014, to stockholders of record on October 17, 2014, with an ex-dividend date of October 15, 2014.

The annual yield on the dividend is 1.8 percent.

"In recent quarters we have used an increasing amount of cash to make strategic investments in engineering, inventory, design and related product development initiatives. These investments are designed to help us accelerate our development release cycles, expand our addressable markets and maintain our industry leading position," said Robert J. Pera, Ubiquiti's CEO and Founder. "We have more cash than we believe is needed to continue such investments in the foreseeable future and are initiating this dividend policy as part of our broader commitment to bring value to shareholders."

For a dividend history and other dividend-related data on Ubiquiti Networks (UBNT) click here.

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