Uniti Group Inc. (NASDAQ:UNIT – Get Rating) shares reached a new 52-week low on Monday . The stock traded as low as $8.44 and last traded at $8.50, with a volume of 8364 shares. The stock had previously closed at $8.54.
Uniti Group Price Performance
The company’s fifty day simple moving average is $9.60 and its two-hundred day simple moving average is $11.05. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 0.31 and a beta of 1.02.
Uniti Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.60 annualized dividend and a yield of 7.10%. Uniti Group’s payout ratio is 81.08%.
Institutional Inflows and Outflows
About Uniti Group
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.
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