UIL (LON:UTL) Trading 8.1% Higher Following Insider Buying Activity

Shares of UIL Limited (LON:UTL) were up 8.1% on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 107 ($1.40) and last traded at GBX 106.50 ($1.39). Approximately 48,165 shares were traded during mid-day trading, an increase of 277% from the average daily volume of 12,772 shares. The stock had previously closed at GBX 98.50 ($1.29).

Specifically, insider Stuart J. Bridges acquired 12,449 shares of UIL stock in a transaction on Thursday, October 10th. The stock was purchased at an average cost of GBX 107 ($1.40) per share, with a total value of £13,320.43 ($17,432.84).

UIL Price Performance

The company’s 50-day moving average price is GBX 100.24 and its two-hundred day moving average price is GBX 103.55. The company has a market capitalization of £87.53 million, a P/E ratio of -368.57 and a beta of 0.82.

UIL Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, September 26th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, September 26th. This represents a yield of 2.05%. UIL’s dividend payout ratio (DPR) is presently -2,857.14%.

UIL Company Profile

UIL Limited is a closed-ended equity mutual fund launched and managed by ICM Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the infrastructure, utility, and related sectors including water, sewerage, waste, electricity, gas, telecommunications, ports, airports, service, rail, roads, and any business with essential service or monopolistic characteristics.