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Why Tate & Lyle plc (LON:TATE) Could Have A Place In Your Portfolio

Attractive stocks have exceptional fundamentals. In the case of Tate & Lyle plc (LON:TATE), there’s is a dependable dividend-paying company that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at the report on Tate & Lyle here.

Excellent balance sheet established dividend payer

TATE is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that TATE has sufficient cash flows and proper cash management in place, which is a key determinant of the company’s health. TATE appears to have made good use of debt, producing operating cash levels of 0.48x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.

LSE:TATE Historical Debt December 10th 18

Income investors would also be happy to know that TATE is a great dividend company, with a current yield standing at 4.2%. TATE has also been regularly increasing its dividend payments to shareholders over the past decade.

LSE:TATE Historical Dividend Yield December 10th 18

Next Steps:

For Tate & Lyle, I’ve compiled three essential aspects you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for TATE’s future growth? Take a look at our free research report of analyst consensus for TATE’s outlook.
  2. Historical Performance: What has TATE’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TATE? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.