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

Ultimate Products Plc (LON:ULTP) declared a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Stockholders 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 dividend yield of 2.16%. The ex-dividend date is Thursday, May 29th. The official announcement can be seen at this link.

Ultimate Products Trading Up 0.3 %

Shares of Ultimate Products stock traded up GBX 0.24 ($0.00) during mid-day trading on Wednesday, hitting GBX 72.04 ($0.93). 87,109 shares of the stock were exchanged, compared to its average volume of 166,686. The stock has a market capitalization of £61.14 million, a price-to-earnings ratio of 5.91 and a beta of 1.39. Ultimate Products has a twelve month low of GBX 71 ($0.92) and a twelve month high of GBX 185.50 ($2.40). The company has a 50-day simple moving average of GBX 88.38 and a 200 day simple moving average of GBX 114.02.

Ultimate Products (LON:ULTP) last released its quarterly earnings data 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%. Equities research analysts forecast that Ultimate Products will post 14.53125 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About Ultimate Products

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.