United Co.s (TSE:UNC) Stock Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• United Co.s Limited's stock price has fallen below its 50-day moving average of C$52.91, trading as low as C$14.25.
• The company announced a quarterly dividend of $0.03 per share, indicating a yield of 0.8% and a payout ratio of 5.50%.
• United Co.s has a market capitalization of C$1.62 billion and a P/E ratio of 6.59.

United Co.s Limited (TSE:UNC - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$52.91 and traded as low as C$14.25. United Co.s shares last traded at C$14.37, with a volume of 2,800 shares traded.

United Co.s Price Performance

The firm has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 6.51 and a beta of 0.63. The business's 50-day moving average price is C$48.04 and its 200 day moving average price is C$98.54.

United Co.s Announces Dividend

The business also recently declared 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 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.