Old Mutual (LON:OMU) Stock Price Down 1% – Here’s What Happened

Old Mutual Limited (LON:OMU)’s share price was down 1% during mid-day trading on Monday . The company traded as low as GBX 47.90 ($0.64) and last traded at GBX 48.60 ($0.65). Approximately 332,637 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 293,360 shares. The stock had previously closed at GBX 49.10 ($0.66).

Old Mutual Stock Down 1.0%

The company has a market capitalization of £47.89 billion, a PE ratio of 18.32 and a beta of 1.02. The company’s 50-day moving average is GBX 45.92 and its 200 day moving average is GBX 51.19. The company has a debt-to-equity ratio of 46.81, a quick ratio of 0.37 and a current ratio of 0.70.

Old Mutual Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th were paid a GBX 2.20 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Old Mutual’s previous dividend of $1.47. This represents a dividend yield of 4.56%. Old Mutual’s payout ratio is currently 150.81%.

Old Mutual Company Profile

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.