AMBEV S A/S (ABEV) Raises Dividend to $0.08 Per Share

AMBEV S A/S (NYSE:ABEV) announced a special dividend on Thursday, December 6th, Wall Street Journal reports. Stockholders of record on Thursday, December 20th will be paid a dividend of 0.0828 per share on Monday, January 7th. The ex-dividend date is Wednesday, December 19th. This is a boost from AMBEV S A/S’s previous special dividend of $0.04.

AMBEV S A/S has decreased its dividend payment by an average of 30.1% annually over the last three years.

Shares of NYSE:ABEV traded down $0.10 on Thursday, hitting $4.17. The stock had a trading volume of 30,052,818 shares, compared to its average volume of 26,826,938. AMBEV S A/S has a twelve month low of $3.86 and a twelve month high of $7.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.82 and a current ratio of 1.02. The company has a market capitalization of $67.04 billion, a PE ratio of 18.11, a P/E/G ratio of 2.08 and a beta of 0.54.

ABEV has been the topic of several recent analyst reports. Bank of America downgraded shares of AMBEV S A/S from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $5.40 to $4.00 in a research note on Thursday, October 25th. Zacks Investment Research upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. ValuEngine upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. JPMorgan Chase & Co. downgraded shares of AMBEV S A/S from a “neutral” rating to an “underweight” rating in a research note on Thursday, October 25th. Finally, UBS Group cut AMBEV S A/S from a “buy” rating to a “sell” rating in a report on Tuesday, October 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.13.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/12/06/ambev-s-a-s-abev-raises-dividend-to-0-08-per-share.html.

AMBEV S A/S Company Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

Further Reading: How to invest in a bear market

Dividend History for AMBEV S A/S (NYSE:ABEV)

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


Leave a Reply