Tate & Lyle PLC (TATYY) to Issue Dividend of $0.67 on August 6th

Tate & Lyle PLC (OTCMKTS:TATYY) announced a dividend on Tuesday, June 17th, investing.com reports. Shareholders of record on Monday, June 23rd will be paid a dividend of 0.6696 per share on Wednesday, August 6th. This represents a yield of 3.19%. The ex-dividend date of this dividend is Friday, June 20th. This is a 101.4% increase from Tate & Lyle’s previous dividend of $0.33.

Tate & Lyle Trading Down 2.2%

Tate & Lyle stock opened at $29.25 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.16 and a quick ratio of 1.21. Tate & Lyle has a 1 year low of $24.61 and a 1 year high of $44.76. The company’s fifty day moving average price is $30.05 and its 200 day moving average price is $30.56.

Analyst Ratings Changes

TATYY has been the subject of a number of research reports. Berenberg Bank lowered shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Citigroup raised shares of Tate & Lyle from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 16th. Finally, Barclays upgraded Tate & Lyle from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd.

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.