Old Mutual (LON:OMU) Stock Price Up 2.4% - Time to Buy?

Shares of Old Mutual Limited (LON:OMU - Get Free Report) rose 2.4% during mid-day trading on Tuesday . The company 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 Down 5.3%

The stock has a market cap of £47.99 billion, a PE ratio of 18.36 and a beta of 1.02. The stock has a 50-day moving average price of GBX 46.21 and a two-hundred day moving average price of GBX 50.29. The company has a debt-to-equity ratio of 46.81, a current ratio of 0.70 and a quick ratio of 0.37.

Old Mutual Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 7th. Shareholders of record on Thursday, April 10th were paid a GBX 2.20 ($0.03) dividend. The ex-dividend date was Thursday, April 10th. This represents a yield of 4.56%. This is an increase from Old Mutual's previous dividend of $1.47. Old Mutual's dividend payout ratio (DPR) is presently 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.