Ultimate Products Plc (LON:ULTP) Plans Dividend Increase - GBX 4.93 Per Share

Ultimate Products Plc (LON:ULTP - Get Free Report) declared a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 2nd will be paid 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 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 Performance

Shares of LON ULTP traded up GBX 0.33 ($0.00) during mid-day trading on Tuesday, reaching GBX 142.33 ($1.85). The company had a trading volume of 66,900 shares, compared to its average volume of 101,097. The firm has a market cap of £121.78 million, a price-to-earnings ratio of 1,019.72 and a beta of 1.39. The business's 50-day simple moving average is GBX 142.15 and its 200 day simple moving average is GBX 145.59. Ultimate Products has a one year low of GBX 118 ($1.53) and a one year high of GBX 185.50 ($2.41).

Insider Buying and Selling

In related news, insider Chris Dent purchased 1,780 shares of Ultimate Products stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of GBX 140 ($1.82) per share, for a total transaction of £2,492 ($3,231.75). 56.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on ULTP. Shore Capital reissued a "house stock" rating on shares of Ultimate Products in a report on Tuesday, September 3rd. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 182 ($2.36) price objective on shares of Ultimate Products in a research note on Tuesday, September 3rd.

Ultimate Products Company Profile

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.