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.
Uniti Group Stock Performance
Uniti Group stock traded up $0.01 during mid-day trading on Friday, reaching $10.12. 51,457 shares of the company were exchanged, compared to its average volume of 1,245,231. The firm has a market cap of $2.40 billion, a P/E ratio of 13.78, a PEG ratio of 0.55 and a beta of 1.02. Uniti Group has a 12-month low of $9.10 and a 12-month high of $14.60. The business has a fifty day moving average of $9.93 and a 200 day moving average of $11.54.
Uniti Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Thursday, September 8th. Uniti Group's payout ratio is currently 81.08%.