UIL Ltd Announces Dividend of GBX 1.88 (UTL)
UIL Ltd (LON:UTL) announced a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 7th will be given a dividend of GBX 1.88 ($0.03) per share on Thursday, December 14th. This represents a dividend yield of 1.15%. The ex-dividend date is Thursday, December 7th. The official announcement can be seen at this link.
UIL (LON UTL) traded down GBX 1.06 ($0.01) on Friday, hitting GBX 1.56 ($0.02). 5,000 shares of the stock traded hands, compared to its average volume of 9,928. UIL has a twelve month low of GBX 134.10 ($1.80) and a twelve month high of GBX 172.90 ($2.32).
In related news, insider Warren McLeland purchased 4,893 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were acquired at an average cost of GBX 165 ($2.21) per share, with a total value of £8,073.45 ($10,812.17).
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UIL Limited, formerly Utilico Investments Limited, is a closed end investment company. The Company is engaged in investing the pooled funds of its shareholders in accordance with its investment objective and policy, generating a return for shareholders and spreading the investment risk. Its investment objective is to maximize shareholder returns by identifying and investing in investments across the world where the underlying value is not reflected in the market price.
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