Ultimate Products (LON:ULTP) Stock Price Down 0.2% - Here's What Happened

Ultimate Products Plc (LON:ULTP - Get Free Report)'s share price dropped 0.2% during mid-day trading on Wednesday . The stock traded as low as GBX 77.20 ($1.00) and last traded at GBX 77.25 ($1.00). Approximately 81,122 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 171,998 shares. The stock had previously closed at GBX 77.40 ($1.01).

Ultimate Products Trading Down 1.9 %

The company's 50 day moving average is GBX 91.03 and its 200-day moving average is GBX 116.22. The company has a market capitalization of £64.49 million, a P/E ratio of 6.24 and a beta of 1.39.

Ultimate Products Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 2nd were paid a GBX 4.93 ($0.06) dividend. This represents a dividend yield of 3.47%. This is a positive change from Ultimate Products's previous dividend of $2.45. The ex-dividend date was Thursday, January 2nd. Ultimate Products's dividend payout ratio (DPR) is presently 57.44%.

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.