Old Mutual (LON:OMU) Shares Up 2.4% - Still a Buy?

Old Mutual Limited (LON:OMU - Get Free Report) shares rose 2.4% during mid-day trading on Tuesday . The stock traded as high as GBX 51.29 ($0.70) and last traded at GBX 51 ($0.69). Approximately 144,662 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 280,255 shares. The stock had previously closed at GBX 49.80 ($0.68).

Old Mutual Trading Up 1.2%

The business has a 50 day simple moving average of GBX 45.84 and a 200 day simple moving average of GBX 50.42. 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 cap of £50.65 billion, a price-to-earnings ratio of 19.38 and a beta of 1.02.

Old Mutual Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 7th. Investors of record on Thursday, April 10th were given a dividend of GBX 2.20 ($0.03) per share. This is an increase from Old Mutual's previous dividend of $1.47. The ex-dividend date of this dividend was Thursday, April 10th. This represents a yield of 4.56%. Old Mutual's dividend 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.