United Co.s (TSE:UNC) Trading Down 0.1% - Here's Why

Key Points

• United Co.s Limited's shares experienced a slight decline of 0.1%, trading between C$14.47 and C$14.59, with 9,200 shares changing hands.
• 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%.
• United Co.s has a market capitalization of C$1.64 billion and boasts a low price-to-earnings ratio of 6.69.

United Co.s Limited (TSE:UNC - ) shares fell 0.1% on Tuesday . The company traded as low as C$14.47 and last traded at C$14.59. 9,200 shares changed hands during trading, a decline of 11% from the average session volume of 10,349 shares. The stock had previously closed at C$14.60.

United Co.s Stock Down 0.1%

The business's 50-day simple moving average is C$14.25 and its two-hundred day simple moving average is C$83.10. The firm has a market capitalization of C$1.64 billion, a price-to-earnings ratio of 6.69 and a beta of -0.14.

United Co.s Dividend Announcement

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