United Co.s (TSE:UNC) Shares Down 1.8%

United Co.s Limited (TSE:UNC) was down 1.8% during trading on Friday . The stock traded as low as C$93.56 and last traded at C$93.56, approximately 2,800 shares traded hands during mid-day trading. An increase of 116% from the average daily volume of 1,295 shares. The stock had previously closed at C$95.26.

The stock has a market cap of $1.17 billion and a PE ratio of 8.85. The stock’s 50 day moving average is C$95.57.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Tuesday, August 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, August 2nd. United Co.s’s payout ratio is 11.36%.

About United Co.s (TSE:UNC)

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.

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