Utah Medical Products, Inc. Appoints Director and Increases Quarterly Dividend Contact: Brian Koopman
Tuesday, November 5, 2024 2 min read
Key Takeaway: Utah Medical Products, Inc. has appointed Carrie Leigh to its Board of Directors, enhancing its leadership with her previous experience at the company. The Board also approved a quarterly cash dividend of $0.305 per share, marking a 1.7% increase over the previous quarterly dividend. This decision underscores the company's commitment to return value to shareholders while positioning itself for future growth in the medical device industry, particularly in women's and children's healthcare.
Market Sentiment Analysis
POSITIVE FACTORS
Appointment of Carrie Leigh, who brings extensive experience to the Board.
Increase in quarterly cash dividend by 1.7%, signaling financial stability.
Focus on long-term outcomes in women's and children's healthcare.
Full Press Release Details
Utah Medical Products, Inc. Appoints Director and Increases Quarterly Dividend
Contact: Brian Koopman
November 5, 2024
(801) 566-1200
Salt Lake City, Utah - Utah Medical Products, Inc. (Nasdaq: UTMD) announces that its Board of Directors has appointed Carrie Leigh to its Board of Directors. Ms. Leigh, who was employed in direct sales positions for UTMD from 2004 to 2016, graduated with a B.S. in Communications from Santa Clara University and an MBA from the Northwestern University Kellogg School of Management. As she served in her last position as UTMD's manager of Global Direct End User Sales, the Board believes her robust understanding of the functional and strategic challenges that the Company faces will be integral for achieving future revenue growth.
In addition, the Board of Directors approved a quarterly cash dividend of thirty and one-half cents ($.305) per share of common stock payable on January 3, 2025 to shareholders of record at the close of business on December 16, 2024. This is a 1.7% increase over the prior regular quarterly cash dividend.
Utah Medical Products, Inc., with particular interest in health care for women and their babies, develops, manufactures and markets a broad range of disposable and reusable specialty medical devices recognized by clinicians in over a hundred countries around the world as the standard for obtaining optimal long term outcomes for their patients. For more information about Utah Medical Products, Inc., visit UTMD's website at www.utahmed.com.
Frequently Asked Questions
Who was appointed to Utah Medical Products' Board of Directors?
Carrie Leigh has been appointed to the Board of Directors at Utah Medical Products.
What is the new quarterly dividend amount for UTMD?
The new quarterly dividend is thirty and one-half cents ($.305) per share.
When is the quarterly dividend payable to shareholders?
The quarterly dividend will be payable on January 3, 2025.
What is the percentage increase of the new dividend?
The new dividend reflects a 1.7% increase from the previous amount.
What sector does Utah Medical Products focus on?
The company focuses on health care for women and their babies.