Tate & Lyle PLC (LON:TATE) insider Nick Hampton sold 333,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of GBX 725 ($9.47), for a total value of £2,414,250 ($3,154,645.24).
TATE traded up GBX 4.20 ($0.05) during midday trading on Friday, reaching GBX 738.40 ($9.65). 2,464,505 shares of the company’s stock traded hands, compared to its average volume of 2,840,000. Tate & Lyle PLC has a 52 week low of GBX 620 ($8.10) and a 52 week high of GBX 810 ($10.58). The company has a market cap of $3.43 billion and a PE ratio of 19.13. The firm has a fifty day moving average price of GBX 756.32. The company has a quick ratio of 0.88, a current ratio of 1.61 and a debt-to-equity ratio of 40.09.
The company also recently announced a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, June 20th will be given a GBX 20.80 ($0.27) dividend. The ex-dividend date is Thursday, June 20th. This represents a dividend yield of 2.75%. This is a positive change from Tate & Lyle’s previous dividend of $8.60. Tate & Lyle’s dividend payout ratio is currently 0.75%.
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.
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