Treatt plc (TET) to Issue Dividend Increase – GBX 3 Per Share
Treatt plc (LON:TET) declared a dividend on Tuesday, November 29th. Stockholders of record on Thursday, February 16th will be paid a dividend of GBX 3 ($0.04) per share on Thursday, March 23rd. This represents a dividend yield of 1.16%. The ex-dividend date is Thursday, February 16th. This is a positive change from Treatt plc’s previous dividend of $1.35. The official announcement can be accessed at this link.
Shares of Treatt plc (LON:TET) traded down 3.37% on Tuesday, hitting GBX 258.00. 134,993 shares of the stock traded hands. The stock’s market cap is GBX 133.52 million. Treatt plc has a 52-week low of GBX 159.25 and a 52-week high of GBX 272.00. The stock’s 50 day moving average price is GBX 233.08 and its 200 day moving average price is GBX 193.68.
In other Treatt plc news, insider Hope,Richard Andrew purchased 2,940 shares of Treatt plc stock in a transaction on Thursday, September 1st. The stock was bought at an average cost of GBX 98 ($1.22) per share, with a total value of £2,881.20 ($3,574.25).
Separately, Investec raised their price target on shares of Treatt plc from GBX 210 ($2.61) to GBX 290 ($3.60) and gave the stock a “buy” rating in a research report on Tuesday.
Treatt plc Company Profile
Treatt PLC is a United Kingdom-based company, which is engaged in providing ingredient solutions. The Company is engaged in manufacturing and supplying ingredient solutions for the flavor, fragrance and consumer goods markets with manufacturing sites in the United Kingdom, the United States and Kenya.
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