Ultimate Products Plc (LON:ULTP) to Issue GBX 1.55 Dividend

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 of this dividend is Thursday, May 29th. The official announcement can be viewed at this link.

Ultimate Products Stock Performance

Shares of Ultimate Products stock traded up GBX 0.24 ($0.00) during trading on Wednesday, hitting GBX 72.04 ($0.93). 87,109 shares of the stock traded hands, compared to its average volume of 166,686. The stock has a market cap of £61.14 million, a P/E ratio of 5.91 and a beta of 1.39. The company has a fifty day moving average price of GBX 88.38 and a two-hundred day moving average price of GBX 114.02. Ultimate Products has a twelve month low of GBX 71 ($0.92) and a twelve month high of GBX 185.50 ($2.40).

Ultimate Products (LON:ULTP) last posted 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%. On average, equities research analysts expect that Ultimate Products will post 14.53125 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ULTP. Shore Capital restated a “house stock” rating on shares of Ultimate Products in a report on Tuesday. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 130 ($1.68) price objective on shares of Ultimate Products in a report 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.