Tate & Lyle plc (TATE) Declares Dividend of GBX 8.40
Tate & Lyle plc (LON:TATE) announced a dividend on Thursday, November 2nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 30th will be paid a dividend of GBX 8.40 ($0.11) per share on Friday, January 5th. This represents a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 30th. The official announcement can be seen at this link.
Shares of Tate & Lyle plc (LON TATE) opened at GBX 683.50 ($8.99) on Friday. Tate & Lyle plc has a 52-week low of GBX 622 ($8.18) and a 52-week high of GBX 796.50 ($10.48).
Several brokerages have recently weighed in on TATE. Berenberg Bank reiterated a “hold” rating and set a GBX 730 ($9.60) price target on shares of Tate & Lyle plc in a research report on Thursday, November 2nd. Credit Suisse Group restated a “neutral” rating and issued a GBX 710 ($9.34) price objective on shares of Tate & Lyle plc in a research report on Friday, November 3rd. Shore Capital Group Limited restated a “hold” rating on shares of Tate & Lyle plc in a research report on Thursday, November 2nd. Liberum Capital restated a “buy” rating and issued a GBX 850 ($11.18) price objective on shares of Tate & Lyle plc in a research report on Monday, November 6th. Finally, Deutsche Bank AG restated a “hold” rating and issued a GBX 725 ($9.54) price objective on shares of Tate & Lyle plc in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Tate & Lyle plc presently has an average rating of “Hold” and a consensus target price of GBX 743.36 ($9.78).
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About Tate & Lyle plc
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.
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