Tate & Lyle PLC to Issue Dividend of GBX 8.80 (LON:TATE)

Tate & Lyle PLC (LON:TATE) declared a dividend on Thursday, November 7th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 21st will be paid a dividend of GBX 8.80 ($0.11) per share on Friday, January 3rd. This represents a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 21st. The official announcement can be seen at this link.

Shares of LON:TATE traded up GBX 34.20 ($0.45) during midday trading on Thursday, reaching GBX 698 ($9.12). The company’s stock had a trading volume of 2,993,181 shares, compared to its average volume of 2,840,000. The firm has a market capitalization of $3.27 billion and a price-to-earnings ratio of 18.08. The company has a debt-to-equity ratio of 40.09, a quick ratio of 0.88 and a current ratio of 1.61. The firm has a 50 day moving average price of GBX 698 and a two-hundred day moving average price of GBX 732.87. Tate & Lyle has a fifty-two week low of GBX 655 ($8.56) and a fifty-two week high of GBX 810 ($10.58).

A number of research analysts have recently issued reports on the company. Deutsche Bank reissued a “hold” rating on shares of Tate & Lyle in a research note on Friday, September 27th. Liberum Capital reissued a “buy” rating on shares of Tate & Lyle in a research note on Thursday. Bank of America assumed coverage on Tate & Lyle in a research note on Tuesday, September 24th. They issued a “neutral” rating and a GBX 790 ($10.32) price objective on the stock. Shore Capital reissued a “hold” rating on shares of Tate & Lyle in a research note on Thursday. Finally, BNP Paribas reissued a “neutral” rating on shares of Tate & Lyle in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 740.71 ($9.68).

Tate & Lyle Company Profile

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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Dividend History for Tate & Lyle (LON:TATE)

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