United Co.s (TSE:UNC) Stock Passes Below 200-Day Moving Average - Here's What Happened

Key Points

• United Co.s Limited's stock price fell below its 200-day moving average of C$106.54, last trading at C$13.98, indicating significant trading volatility.
• The company recently announced a quarterly dividend of $0.03 per share, reflecting an annualized dividend yield of 0.9% with a payout ratio of 3.40%.
• Despite short-term volatility, management remains confident in the company's investment strategy to deliver long-term capital appreciation and dividend income.

Shares of United Co.s Limited (TSE:UNC - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$106.54 and traded as low as C$13.98. United Co.s shares last traded at C$13.98, with a volume of 100 shares changing hands.

United Co.s Stock Performance

The stock's fifty day moving average price is C$64.97 and its 200-day moving average price is C$104.59. The company has a market capitalization of C$161.68 million, a P/E ratio of 0.41 and a beta of 0.60.

United Co.s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Tuesday, November 4th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. United Co.s's payout ratio is 3.40%.

About United Co.s

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.