United Co.s (TSE:UNC) Stock Price Up 2.6% After Dividend Announcement

Key Points

• United Co.s Limited stock price increased by 2.6% following the company's dividend announcement, reaching C$14.30.
• The company will issue a $0.03 dividend to shareholders of record on November 4th, resulting in an annualized yield of 0.8%.
• United Co.s has a market capitalization of C$160.89 million and a P/E ratio of 0.40, indicating potential for long-term capital appreciation.

United Co.s Limited (TSE:UNC - )'s stock price rose 2.6% during mid-day trading on Thursday after the company announced a dividend. The company traded as high as C$14.32 and last traded at C$14.30. Approximately 13,990 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 11,588 shares. The stock had previously closed at C$13.94.The newly announced dividend which will be paid on Friday, November 14th. Shareholders 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 3.40%.

United Co.s Price Performance

The business's 50 day moving average price is C$105.65 and its 200 day moving average price is C$119.23. The stock has a market capitalization of C$160.89 million, a P/E ratio of 0.40 and a beta of 0.60.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.