Old Mutual plc (OML) Declares Dividend of GBX 2.45
Old Mutual plc (LON:OML) declared a dividend on Thursday, August 7th, American Banking and Market News reports. Shareholders of record on Wednesday, September 24th will be given a dividend of GBX 2.45 ($0.04) per share on Friday, October 31st. This represents a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, September 24th. The official announcement can be accessed at this link.
Several analysts have recently commented on the stock. Analysts at SBG Securities reiterated a “buy” rating on shares of Old Mutual plc in a research note on Monday. They now have a GBX 225 ($3.79) price target on the stock. On a related note, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Old Mutual plc in a research note on Monday, July 28th. They now have a GBX 230 ($3.87) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Old Mutual plc in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 213.39 ($3.59).
Old Mutual plc (LON:OML) traded down 1.70% during mid-day trading on Thursday, hitting GBX 190.60. 14,561,717 shares of the company’s stock traded hands. Old Mutual plc has a 52-week low of GBX 168.10 and a 52-week high of GBX 211.521. The stock has a 50-day moving average of GBX 197.7 and a 200-day moving average of GBX 195.. The company’s market cap is £8.478 billion.
Old Mutual plc is an international long-term savings, investment and protection company. The Company provides short-term insurance solutions in southern Africa through Mutual & Federal.
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