United Co.s Limited (TSE:UNC) Raises Dividend to $0.40 Per Share

United Co.s Limited (TSE:UNC) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.40 per share on Friday, June 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, June 14th. This is a boost from United Co.s’s previous quarterly dividend of $0.30.

United Co.s Stock Down 0.6 %

Shares of TSE UNC traded down C$0.74 during mid-day trading on Thursday, reaching C$116.26. The company had a trading volume of 270 shares, compared to its average volume of 878. The stock has a market capitalization of C$1.31 billion, a PE ratio of 4.32 and a beta of 0.61. United Co.s has a twelve month low of C$98.32 and a twelve month high of C$119.50. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.14 and a current ratio of 0.70. The stock’s 50 day moving average is C$117.28 and its 200-day moving average is C$113.55.

United Co.s (TSE:UNC) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.30 earnings per share (EPS) for the quarter. United Co.s had a return on equity of 16.60% and a net margin of 83.20%. The business had revenue of C$2.10 billion during the quarter.

About United Co.s

United Corporations Limited is a closed ended equity fund launched and managed by Jarislowsky, Fraser Limited. It is co-managed by ValueInvest Asset Management SA It invests in the public equity markets of Canada. The fund also makes its investments in units of in Emerging Markets Investors Fund. It makes its investments in stocks of companies operating across diversified sectors.