Compañía Cervecerías Unidas S.A. (CCU) To Go Ex-Dividend on November 22nd

Compañía Cervecerías Unidas S.A. (NYSE:CCU) declared a semi-annual dividend on Wednesday, November 13th,Wall Street Journal reports. Stockholders of record on Friday, January 1st will be given a dividend of 0.1498 per share on Friday, November 22nd. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10.

Compañía Cervecerías Unidas has decreased its dividend by an average of 23.6% annually over the last three years. Compañía Cervecerías Unidas has a dividend payout ratio of 43.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Compañía Cervecerías Unidas to earn $0.86 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 40.7%.

Compañía Cervecerías Unidas Price Performance

CCU stock opened at $10.92 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average of $11.05 and a 200-day moving average of $11.53. Compañía Cervecerías Unidas has a 12-month low of $10.00 and a 12-month high of $13.74.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reduced their target price on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a report on Tuesday, November 12th. JPMorgan Chase & Co. lowered Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and reduced their price objective for the company from $21.00 to $10.00 in a report on Thursday, August 8th. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Compañía Cervecerías Unidas has a consensus rating of “Hold” and a consensus target price of $12.08.

About Compañía Cervecerías Unidas

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.