Ultimate Products Plc (LON:ULTP) Raises Dividend to GBX 4.93 Per Share

Ultimate Products Plc (LON:ULTP) announced a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, January 2nd will be given a dividend of GBX 4.93 ($0.06) per share on Friday, January 31st. This represents a yield of 3.47%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Ultimate Products’s previous dividend of $2.45. The official announcement can be viewed at this link.

Ultimate Products Stock Down 1.6 %

ULTP traded down GBX 2.21 ($0.03) on Wednesday, hitting GBX 140.29 ($1.82). The company’s stock had a trading volume of 26,692 shares, compared to its average volume of 100,676. The firm has a market cap of £120.03 million, a P/E ratio of 1,016.65 and a beta of 1.39. Ultimate Products has a 12 month low of GBX 118 ($1.53) and a 12 month high of GBX 185.50 ($2.41). The company’s 50 day simple moving average is GBX 142.10 and its 200-day simple moving average is GBX 145.57.

Insiders Place Their Bets

In other Ultimate Products news, insider Chris Dent bought 1,780 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of GBX 140 ($1.82) per share, for a total transaction of £2,492 ($3,231.75). Corporate insiders own 56.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ULTP. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.36) price objective on shares of Ultimate Products in a research report on Tuesday, September 3rd. Shore Capital restated a “house stock” rating on shares of Ultimate Products in a report on Tuesday, September 3rd.

About Ultimate Products

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.