Ultimate Products Plc (LON:ULTP) Declares GBX 1.55 Dividend

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

Ultimate Products Price Performance

Shares of ULTP stock opened at GBX 73.25 ($0.94) on Thursday. The company has a fifty day moving average price of GBX 87.73 and a two-hundred day moving average price of GBX 113.72. Ultimate Products has a one year low of GBX 71 ($0.91) and a one year high of GBX 185.50 ($2.39). The stock has a market cap of £62.16 million, a P/E ratio of 6.01 and a beta of 1.39.

Ultimate Products (LON:ULTP) last posted its quarterly earnings results on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) EPS for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. As a group, equities research analysts anticipate that Ultimate Products will post 14.53125 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ULTP. Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 ($1.67) price target on shares of Ultimate Products in a research note on Tuesday. Shore Capital reissued a “house stock” rating on shares of Ultimate Products in a research report on Tuesday.

Ultimate Products Company Profile

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.