Ultimate Products (LON:ULTP) Trading Down 0.2% – Here’s What Happened

Shares of Ultimate Products Plc (LON:ULTP) were down 0.2% during mid-day trading on Wednesday . The company traded as low as GBX 77.20 ($1.00) and last traded at GBX 77.25 ($1.00). Approximately 81,122 shares were traded 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 ($1.00).

Ultimate Products Stock Performance

The company has a market cap of £62.80 million, a PE ratio of 6.07 and a beta of 1.39. The stock has a 50 day moving average of GBX 90.37 and a 200-day moving average of GBX 115.94.

Ultimate Products Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were paid a dividend of GBX 4.93 ($0.06) per share. The ex-dividend date was Thursday, January 2nd. This represents a dividend yield of 3.47%. This is a positive change from Ultimate Products’s previous dividend of $2.45. 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.