Tatton Asset Management (LON:TAM) Stock Price Down 2% – Here’s What Happened

Tatton Asset Management plc (LON:TAM) shares traded down 2% during mid-day trading on Wednesday . The company traded as low as GBX 672 ($8.54) and last traded at GBX 676 ($8.59). 29,903 shares changed hands during trading, a decline of 68% from the average session volume of 93,416 shares. The stock had previously closed at GBX 690 ($8.77).

Tatton Asset Management Stock Down 2.0 %

The company has a current ratio of 3.70, a quick ratio of 3.50 and a debt-to-equity ratio of 2.83. The business has a 50-day moving average price of GBX 691.38 and a 200-day moving average price of GBX 676.21. The firm has a market cap of £404.59 million, a P/E ratio of 3,219.05, a P/E/G ratio of 1.91 and a beta of 1.03.

Tatton Asset Management Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 21st will be given a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date is Thursday, November 21st. This represents a yield of 1.34%. This is an increase from Tatton Asset Management’s previous dividend of $8.00. Tatton Asset Management’s dividend payout ratio (DPR) is presently 7,619.05%.

About Tatton Asset Management

Tatton Asset Management plc provides fund management, compliance consultancy, and technical support services to independent financial advisers in the United Kingdom. The company operates through two segments, Tatton and Paradigm. It also offers investment management, mortgage adviser support, and mortgage and insurance product distribution services.