UBS Group upgraded shares of Tate & Lyle (OTCMKTS:TATYY - Free Report) to a hold rating in a research note published on Tuesday morning,Zacks.com reports.
Other equities analysts have also issued research reports about the company. Barclays upgraded Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Citigroup upgraded Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th.
Read Our Latest Report on TATYY
Tate & Lyle Stock Performance
Shares of TATYY traded up $0.17 during mid-day trading on Tuesday, hitting $29.37. 106 shares of the company's stock were exchanged, compared to its average volume of 4,395. The company has a quick ratio of 1.21, a current ratio of 2.16 and a debt-to-equity ratio of 0.72. Tate & Lyle has a 52 week low of $24.61 and a 52 week high of $44.76. The stock's 50-day simple moving average is $30.32 and its 200-day simple moving average is $30.14.
Tate & Lyle Increases Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, June 23rd will be issued a $0.6696 dividend. This represents a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, June 20th. This is an increase from Tate & Lyle's previous dividend of $0.33.
About Tate & Lyle
(
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Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.
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