Companhia Brasileira de Distribuicao (NYSE:CBD) declared a special dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be paid a dividend of 0.0968 per share on Friday, December 22nd. The ex-dividend date of this dividend is Friday, December 8th. This is an increase from Companhia Brasileira de Distribuicao’s previous special dividend of $0.06.
Companhia Brasileira de Distribuicao has decreased its dividend payment by an average of 79.8% annually over the last three years.
Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) traded up $0.65 during trading hours on Tuesday, reaching $22.33. 251,600 shares of the company’s stock were exchanged, compared to its average volume of 478,812. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.18 and a quick ratio of 0.98. The company has a market capitalization of $5,771.63, a price-to-earnings ratio of 23.57, a PEG ratio of 1.25 and a beta of 1.84. Companhia Brasileira de Distribuicao has a 12-month low of $14.20 and a 12-month high of $25.90.
A number of brokerages have weighed in on CBD. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Friday, September 8th. UBS upgraded shares of Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. Finally, Credit Suisse Group upgraded shares of Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $28.00.
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Companhia Brasileira de Distribuicao Company Profile
Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.
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