United Co.s (TSE:UNC) Trading 1.7% Higher - Should You Buy?

Key Points

• United Co.s Limited shares rose 1.7% during mid-day trading, reaching a last recorded price of C$14.25, while trading volume was significantly lower than average.
• The company announced a quarterly dividend of $0.03 per share, resulting in an annualized dividend of $0.12 and a yield of 0.8%, with a payout ratio of 5.50%.
• United Co.s maintains a focus on long-term capital appreciation and dividend income, primarily investing in foreign equities.

United Co.s Limited (TSE:UNC - )'s stock price traded up 1.7% during mid-day trading on Tuesday . The company traded as high as C$14.27 and last traded at C$14.25. 1,400 shares were traded during mid-day trading, a decline of 86% from the average session volume of 10,120 shares. The stock had previously closed at C$14.01.

United Co.s Stock Up 1.7%

The business has a 50 day simple moving average of C$14.31 and a 200-day simple moving average of C$71.94. The company has a market capitalization of C$1.60 billion, a P/E ratio of 6.53 and a beta of 0.57.

United Co.s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Tuesday, November 4th will be paid 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 dividend payout ratio (DPR) is presently 5.50%.

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.

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