Old Mutual (LON:OMU) Trading Up 0.9% – What’s Next?

Old Mutual Limited (LON:OMU)’s share price was up 0.9% during trading on Thursday . The company traded as high as GBX 55.20 ($0.71) and last traded at GBX 54.60 ($0.70). Approximately 53,537 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 232,548 shares. The stock had previously closed at GBX 54.10 ($0.70).

Old Mutual Stock Performance

The firm has a market capitalization of £2.38 billion, a P/E ratio of 682.50 and a beta of 1.02. The stock has a fifty day moving average of GBX 55.45 and a 200-day moving average of GBX 51.97. The company has a quick ratio of 0.37, a current ratio of 0.67 and a debt-to-equity ratio of 42.24.

Old Mutual Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be paid a dividend of GBX 1.47 ($0.02) per share. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 2.53%. Old Mutual’s dividend payout ratio is currently 5,000.00%.

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.