Old Mutual (LON:OMU) Stock Price Up 2.4% – Should You Buy?

Old Mutual Limited (LON:OMU) traded up 2.4% on Tuesday . The stock traded as high as GBX 51.29 ($0.69) and last traded at GBX 51 ($0.69). 144,662 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 280,255 shares. The stock had previously closed at GBX 49.80 ($0.67).

Old Mutual Trading Up 2.4%

The company has a quick ratio of 0.37, a current ratio of 0.70 and a debt-to-equity ratio of 46.81. The firm has a market capitalization of £50.26 billion, a price-to-earnings ratio of 19.23 and a beta of 1.02. The business has a 50-day moving average of GBX 45.67 and a two-hundred day moving average of GBX 50.41.

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 given a GBX 2.20 ($0.03) dividend. The ex-dividend date was Thursday, April 10th. This represents a dividend 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 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.