Tate & Lyle plc (LON:TATE) Raises Dividend to GBX 12.90 Per Share

Tate & Lyle plc (LON:TATE) announced a dividend on Thursday, May 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 20th will be given 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 of this dividend is Thursday, June 20th. This is a boost from Tate & Lyle’s previous dividend of $6.20. The official announcement can be seen at this link.

Tate & Lyle Trading Up 0.6 %

Shares of LON TATE opened at GBX 716 ($9.10) on Friday. The business has a 50 day simple moving average of GBX 639.80 and a 200 day simple moving average of GBX 632.24. Tate & Lyle has a 52 week low of GBX 587 ($7.46) and a 52 week high of GBX 817 ($10.38). The stock has a market cap of £2.88 billion, a price-to-earnings ratio of 1,665.12, a PEG ratio of 2.22 and a beta of 0.47. The company has a debt-to-equity ratio of 52.89, a quick ratio of 1.77 and a current ratio of 2.88.

Analyst Ratings Changes

Separately, Barclays increased their price target on shares of Tate & Lyle from GBX 760 ($9.66) to GBX 790 ($10.04) and gave the stock 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.