Tate & Lyle plc (TATE) to Issue Dividend of GBX 12.90 on August 2nd

Tate & Lyle plc (LON:TATE) declared a dividend on Thursday, May 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 20th will be paid a dividend of GBX 12.90 ($0.16) per share on Friday, August 2nd. This represents a dividend yield of 1.91%. The ex-dividend date is Thursday, June 20th. This is a positive change from Tate & Lyle’s previous dividend of $6.20. The official announcement can be accessed at this link.

Tate & Lyle Stock Performance

Shares of LON TATE opened at GBX 672.50 ($8.55) on Tuesday. The company has a current ratio of 2.88, a quick ratio of 1.77 and a debt-to-equity ratio of 52.89. Tate & Lyle has a 12 month low of GBX 587 ($7.46) and a 12 month high of GBX 777.50 ($9.88). The stock has a 50 day moving average of GBX 664.55 and a 200-day moving average of GBX 637.98. The company has a market capitalization of £2.70 billion, a P/E ratio of 1,526.14, a P/E/G ratio of 2.25 and a beta of 0.47.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TATE. Berenberg Bank restated a “buy” rating and issued a GBX 860 ($10.93) price target on shares of Tate & Lyle in a research note on Wednesday, May 29th. Barclays boosted their price target on Tate & Lyle from GBX 760 ($9.66) to GBX 790 ($10.04) and gave the company an “equal weight” rating in a research note on Tuesday, April 9th.

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.