Uniti Group Inc. (NASDAQ:UNIT) will begin trading ex-dividend on September 17, 2020. The quarterly dividend payment of $ 0.15 per share is scheduled to be paid on October 2, 2020. The dividend yield based on the latest trading day closing price was 6.66 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Uniti Group Inc. recently reported first quarter financial results on May 11, 2020, after market close, the Little Rock based company revealed income for the first quarter of $ 0.45 per share, from the revenue of $ 266.16 million. The quarterly earnings developed 7.32 percent compared with the same quarter last year. Street analysts expected $ 258.76 million. The bottom line results street analysts by $ 0.05 or , at the same time, top line results outshined analysts by $ 7.40 million or 2.86 percent.
Stock Performance
Shares of Uniti Group Inc. traded low $ -0.36 or -3.79 percent on Thursday, reaching $ 9.01 with volume of 1.36 million shares. Uniti Group Inc. has traded high as $ 9.47 and has cracked $ 8.97 on the downward trend
According to the previous trading day, closing price of $ 9.01, representing a 92.80 % increase from the 52 week low of $ 4.86 and a 15.43 % decrease over the 52 week high of $ 11.08.
The company has a market capital of $ 1.75 billion and is part of the Real Estate sector and REIT – Industrial industry.
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 March 31, 2019, Uniti owns 5.6 million fiber strand miles, approximately 500 wireless towers, and other communications real estate throughout the United States.
