Ultimate Products Plc (LON:ULTP) Announces Dividend of GBX 1.55

Ultimate Products Plc (LON:ULTP) announced a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Investors of record on Thursday, May 29th will be paid a dividend of GBX 1.55 ($0.02) per share on Friday, June 27th. This represents a yield of 2.16%. The ex-dividend date is Thursday, May 29th. The official announcement can be seen at this link.

Ultimate Products Stock Performance

Shares of Ultimate Products stock traded up GBX 0.24 ($0.00) during trading on Wednesday, reaching GBX 72.04 ($0.93). The company’s stock had a trading volume of 87,109 shares, compared to its average volume of 166,686. Ultimate Products has a one year low of GBX 71 ($0.92) and a one year high of GBX 185.50 ($2.40). The firm has a market cap of £61.14 million, a price-to-earnings ratio of 5.91 and a beta of 1.39. The business’s fifty day moving average price is GBX 88.38 and its 200-day moving average price is GBX 114.02.

Ultimate Products (LON:ULTP) last announced its earnings results on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) earnings per share (EPS) for the quarter. Ultimate Products had a net margin of 6.77% and a return on equity of 21.95%. Sell-side analysts anticipate that Ultimate Products will post 14.53125 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ULTP. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 130 ($1.68) target price on shares of Ultimate Products in a research note on Tuesday. Shore Capital reiterated a “house stock” rating on shares of Ultimate Products in a research note on Tuesday.

Ultimate Products Company Profile

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.