United Co.s (TSE:UNC) Reaches New 1-Year High - Still a Buy?

Key Points

• Shares of United Co.s Limited reached a new 52-week high of C$14.92, with 3100 shares traded during the session.
• The company announced a quarterly dividend of $0.03 per share, reflecting an annualized yield of 0.8%, payable on November 14th.
• United Co.s has a market capitalization of C$1.66 billion and a P/E ratio of 6.77, indicating its valuation relative to earnings.

United Co.s Limited (TSE:UNC - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$14.92 and last traded at C$14.92, with a volume of 3100 shares traded. The stock had previously closed at C$14.67.

United Co.s Trading Down 0.8%

The stock has a market cap of C$1.65 billion, a P/E ratio of 6.72 and a beta of -0.14. The firm's fifty day moving average is C$14.14 and its 200 day moving average is C$87.40.

United Co.s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Tuesday, November 4th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.8%. United Co.s's dividend payout ratio (DPR) is presently 5.50%.

United Co.s Company Profile

The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income. Short-term volatility is expected and tolerated. Management remains confident that the Companys investment strategy will reward shareholders over the long-term.The investment portfolio of the Company comprises primarily foreign equities.