dividend
confidence high
sentiment positive
materiality 0.55
Utah Medical Products declares $2.00 special dividend, replacing Q4 quarterly
UTAH MEDICAL PRODUCTS INC
- Special cash dividend of $2.00/share, total ~$7.3M, payable Dec 29, 2021 to holders of record Dec 15.
- Dividend replaces normal quarterly dividend; annual dividend historically ~$4M/year.
- Cash & investments at Sept 30, 2021: $64.3M, up $12.7M from Dec 31, 2020.
- Rationale: unable to repurchase shares in 2021; special dividend returns cash, citing anticipated 2022 tax changes.