Ultimate Products Plc (LON:ULTP) Raises Dividend to GBX 4.93 Per Share

Ultimate Products Plc (LON:ULTP) declared a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 2nd will be given 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 of this dividend is Thursday, January 2nd. This is a boost from Ultimate Products’s previous dividend of $2.45. The official announcement can be seen at this link.

Ultimate Products Price Performance

Shares of Ultimate Products stock opened at GBX 142.41 ($1.85) on Tuesday. The firm has a market cap of £121.85 million, a PE ratio of 1,011.07 and a beta of 1.39. Ultimate Products has a 1 year low of GBX 118 ($1.53) and a 1 year high of GBX 185.50 ($2.41). The stock has a fifty day moving average price of GBX 142.15 and a 200-day moving average price of GBX 145.59.

Analysts Set New Price Targets

A number of research analysts have weighed in on ULTP shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 182 ($2.36) target price on shares of Ultimate Products in a research note on Tuesday, September 3rd. Shore Capital reiterated a “house stock” rating on shares of Ultimate Products in a research note on Tuesday, September 3rd.

Insider Activity at Ultimate Products

In other Ultimate Products news, insider Chris Dent purchased 1,780 shares of the company’s stock in a transaction that occurred on 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 currently owned by company insiders.

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.