Old Mutual (LON:OMU) Trading Up 0.2% – Still a Buy?

Old Mutual Limited (LON:OMU) shares traded up 0.2% during mid-day trading on Friday . The stock traded as high as GBX 45.48 ($0.61) and last traded at GBX 44.90 ($0.60). 544,629 shares traded hands during mid-day trading, an increase of 79% from the average session volume of 304,138 shares. The stock had previously closed at GBX 44.80 ($0.60).

Old Mutual Stock Performance

The company has a market cap of £44.25 billion, a PE ratio of 16.93 and a beta of 1.02. The company has a debt-to-equity ratio of 46.81, a quick ratio of 0.37 and a current ratio of 0.70. The stock’s 50-day simple moving average is GBX 47.48 and its 200 day simple moving average is GBX 52.11.

Old Mutual Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 7th. Investors of record on Thursday, April 10th will be issued a dividend of GBX 2.20 ($0.03) per share. This is a boost from Old Mutual’s previous dividend of $1.47. This represents a yield of 4.56%. The ex-dividend date is Thursday, April 10th. Old Mutual’s dividend payout ratio is currently 150.81%.

About Old Mutual

Old Mutual Limited, together with its subsidiaries, provides financial services primarily in South Africa and rest of Africa. The company operates through Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Old Mutual Africa Regions segments.