Old Mutual (LON:OMU) Stock Price Up 0.2% - Here's What Happened

Old Mutual Limited (LON:OMU - Get Free Report)'s share price rose 0.2% during mid-day trading on Friday . The stock traded as high as GBX 45.48 ($0.61) and last traded at GBX 44.90 ($0.60). Approximately 544,629 shares were traded during trading, an increase of 79% from the average daily volume of 304,138 shares. The stock had previously closed at GBX 44.80 ($0.60).

Old Mutual Trading Up 0.2 %

The business's 50 day simple moving average is GBX 47.48 and its 200 day simple moving average is GBX 52.11. The company has a debt-to-equity ratio of 46.81, a current ratio of 0.70 and a quick ratio of 0.37. The company has a market capitalization of £44.25 billion, a price-to-earnings ratio of 16.93 and a beta of 1.02.

Old Mutual Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 7th. Investors of record on Thursday, April 10th will be given a GBX 2.20 ($0.03) dividend. This represents a yield of 4.56%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Old Mutual's previous dividend of $1.47. Old Mutual's payout ratio is 150.81%.

About Old Mutual

Old Mutual Limited, together with its subsidiaries, provides financial services primarily in South Africa and rest of Africa. The company operates through Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Old Mutual Africa Regions segments.

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