Shares of Tate & Lyle plc (LON:TATE – Get Free Report) fell 0.3% on Friday . The stock traded as low as GBX 709 ($9.04) and last traded at GBX 710.03 ($9.05). 898,681 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 2,017,570 shares. The stock had previously closed at GBX 712.50 ($9.08).
Tate & Lyle Price Performance
The stock has a 50 day moving average price of GBX 737.81 and a two-hundred day moving average price of GBX 684.91. The company has a market capitalization of £2.69 billion, a PE ratio of 1,613.70, a P/E/G ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.62, a quick ratio of 1.77 and a current ratio of 3.22.
Tate & Lyle Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, November 21st will be issued a dividend of GBX 6.40 ($0.08) per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 0.83%. Tate & Lyle’s dividend payout ratio is presently 4,318.18%.
About Tate & Lyle
Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.
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