Ambev SA (ABEV) Declares Special Dividend of $0.02

Ambev SA (NYSE:ABEV) declared a special dividend on Thursday, January 4th, Wall Street Journal reports. Investors of record on Friday, February 2nd will be given a dividend of 0.0215 per share on Monday, March 5th. The ex-dividend date is Thursday, February 1st.

Ambev has decreased its dividend by an average of 30.1% annually over the last three years and has increased its dividend every year for the last 2 years.

Ambev (NYSE:ABEV) traded up $0.16 during trading hours on Thursday, reaching $6.77. 11,530,752 shares of the company traded hands, compared to its average volume of 11,782,044. The firm has a market cap of $103,420.00, a P/E ratio of 37.06 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.08. Ambev has a twelve month low of $5.18 and a twelve month high of $7.03.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Ambev from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Evercore ISI set a $9.00 price objective on shares of Ambev and gave the company a “buy” rating in a research note on Sunday, October 15th. TheStreet lowered shares of Ambev from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. BidaskClub lowered shares of Ambev from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Barclays restated an “equal weight” rating on shares of Ambev in a research note on Saturday, October 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Ambev presently has an average rating of “Hold” and a consensus price target of $7.83.

WARNING: “Ambev SA (ABEV) Declares Special Dividend of $0.02” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/01/11/ambev-sa-abev-plans-0-02-special-dividend.html.

Ambev Company Profile

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

Dividend History for Ambev (NYSE:ABEV)

Receive News & Ratings for Ambev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambev and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply