Ultimate Products (LON:ULTP) Trading 1% Higher – Here’s What Happened

Ultimate Products Plc (LON:ULTP) rose 1% during mid-day trading on Tuesday . The stock traded as high as GBX 87.80 ($1.11) and last traded at GBX 85 ($1.08). Approximately 63,219 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 188,192 shares. The stock had previously closed at GBX 84.20 ($1.07).

Ultimate Products Trading Up 1.0 %

The firm has a 50-day moving average of GBX 102.20 and a 200-day moving average of GBX 123.18. The stock has a market capitalization of £72.13 million, a price-to-earnings ratio of 6.98 and a beta of 1.39.

Ultimate Products Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd were issued a GBX 4.93 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from Ultimate Products’s previous dividend of $2.45. This represents a dividend yield of 3.47%. Ultimate Products’s dividend payout ratio is currently 57.44%.

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.