Old Mutual plc (OML) Increases Dividend to GBX 3.53 Per Share
Old Mutual plc (LON:OML) announced a dividend on Friday, August 11th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 21st will be given a dividend of GBX 3.53 ($0.05) per share on Tuesday, October 31st. This represents a yield of 1.69%. The ex-dividend date is Thursday, September 21st. This is a boost from Old Mutual plc’s previous dividend of $3.39. The official announcement can be seen at this link.
Old Mutual plc (LON OML) traded down 1.92% during mid-day trading on Friday, reaching GBX 193.70. 13,283,327 shares of the company were exchanged. The stock has a 50-day moving average of GBX 202.85 and a 200 day moving average of GBX 201.74. Old Mutual plc has a 1-year low of GBX 182.30 and a 1-year high of GBX 229.84. The firm’s market capitalization is GBX 9.08 billion.
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OML has been the subject of a number of research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 230 ($2.97) price target on shares of Old Mutual plc in a report on Monday, August 14th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 205 ($2.65) price objective on shares of Old Mutual plc in a report on Tuesday, July 4th. Finally, Shore Capital reissued a “buy” rating on shares of Old Mutual plc in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Old Mutual plc presently has a consensus rating of “Hold” and an average price target of GBX 214 ($2.76).
Old Mutual plc Company Profile
Old Mutual plc is a United Kingdom-based holding company. The Company’s business activities include life assurance, asset management business, banking, and property and casualty The Company’s segments include Emerging Markets, Nedbank, Old Mutual Wealth and Institutional Asset Management. The Other segment includes central activities.
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