Tate & Lyle plc (LON:TATE) to Issue Dividend of GBX 12.90

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 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 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 TATE opened at GBX 712.50 ($9.06) on Friday. Tate & Lyle has a 12 month low of GBX 587 ($7.46) and a 12 month high of GBX 817 ($10.38). The firm has a fifty day simple moving average of GBX 637.41 and a 200 day simple moving average of GBX 631.66. The stock has a market capitalization of £2.86 billion, a price-to-earnings ratio of 1,655.81, a PEG ratio of 2.22 and a beta of 0.47. The company has a current ratio of 2.88, a quick ratio of 1.77 and a debt-to-equity ratio of 52.89.

Analysts Set New Price Targets

Separately, Barclays increased their target price 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 report on Tuesday, April 9th.

About Tate & Lyle

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.