Tate & Lyle (LON:TATE) Trading Down 0.3% - Here's What Happened

Tate & Lyle plc (LON:TATE - Get Free Report)'s stock price fell 0.3% during mid-day trading on Friday . The company traded as low as GBX 709 ($9.04) and last traded at GBX 710.03 ($9.05). 898,681 shares changed hands during trading, a decline of 55% from the average session volume of 2,017,570 shares. The stock had previously closed at GBX 712.50 ($9.08).

Tate & Lyle Price Performance

The company has a debt-to-equity ratio of 47.62, a quick ratio of 1.77 and a current ratio of 3.22. The firm has a market cap of £2.69 billion, a P/E ratio of 1,613.70, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The business has a 50-day simple moving average of GBX 737.81 and a 200 day simple moving average of GBX 684.80.

Tate & Lyle Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, November 21st will be given a dividend of GBX 6.40 ($0.08) per share. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, November 21st. Tate & Lyle's dividend payout ratio is currently 4,318.18%.

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.