Old Mutual (LON:OMU) Reaches New 52-Week Low – Here’s Why

Old Mutual Limited (LON:OMU)’s stock price reached a new 52-week low on Friday . The stock traded as low as GBX 41.40 ($0.53) and last traded at GBX 42.10 ($0.54), with a volume of 795720 shares traded. The stock had previously closed at GBX 44 ($0.57).

Old Mutual Stock Performance

The firm’s 50-day simple moving average is GBX 51.24 and its two-hundred day simple moving average is GBX 53.81. The company has a market cap of £41.49 billion, a PE ratio of 15.87 and a beta of 1.02. The company has a current ratio of 0.70, a quick ratio of 0.37 and a debt-to-equity ratio of 46.81.

Old Mutual Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 7th. Investors of record on Thursday, April 10th will be given a GBX 2.20 ($0.03) dividend. This represents a dividend yield of 4.56%. This is an increase from Old Mutual’s previous dividend of $1.47. The ex-dividend date is Thursday, April 10th. Old Mutual’s dividend payout ratio is presently 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.