Tatton Asset Management (LON:TAM) Reaches New 12-Month High Following Dividend Announcement

Tatton Asset Management plc (LON:TAM)’s stock price reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as GBX 740 ($9.52) and last traded at GBX 723.86 ($9.31), with a volume of 100904 shares. The stock had previously closed at GBX 708 ($9.11).

The newly announced dividend which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 21st will be issued a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date is Thursday, November 21st. This is an increase from Tatton Asset Management’s previous dividend of $8.00. This represents a yield of 1.34%. Tatton Asset Management’s dividend payout ratio is 7,619.05%.

Tatton Asset Management Price Performance

The firm’s 50 day moving average price is GBX 692.18 and its two-hundred day moving average price is GBX 664.98. The company has a debt-to-equity ratio of 2.83, a current ratio of 3.70 and a quick ratio of 3.50. The stock has a market cap of £433.23 million, a PE ratio of 3,371.43, a P/E/G ratio of 1.91 and a beta of 1.03.

Tatton Asset Management Company Profile

Tatton Asset Management plc provides fund management, compliance consultancy, and technical support services to independent financial advisers in the United Kingdom. The company operates through two segments, Tatton and Paradigm. It also offers investment management, mortgage adviser support, and mortgage and insurance product distribution services.