Associated British Foods plc (ABF) To Go Ex-Dividend on December 12th

Associated British Foods plc (LON:ABF) announced a dividend on Tuesday, November 5th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 12th will be paid a dividend of GBX 69.30 ($0.88) per share on Friday, January 10th. This represents a yield of 3.03%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Associated British Foods’s previous dividend of $20.70. The official announcement can be seen at this link.

Associated British Foods Stock Down 0.5 %

Associated British Foods stock opened at GBX 2,205 ($28.11) on Tuesday. The firm has a market capitalization of £16.23 billion, a P/E ratio of 1,440.00, a P/E/G ratio of 1.51 and a beta of 1.24. The company has a 50-day simple moving average of GBX 2,278.84 and a 200-day simple moving average of GBX 2,411.69. Associated British Foods has a one year low of GBX 2,130 ($27.15) and a one year high of GBX 2,770.66 ($35.32). The company has a debt-to-equity ratio of 33.71, a quick ratio of 0.93 and a current ratio of 1.79.

Insider Transactions at Associated British Foods

In related news, insider George G. Weston sold 56,653 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of GBX 2,161 ($27.55), for a total transaction of £1,224,271.33 ($1,560,575.31). Also, insider Loraine Woodhouse acquired 4,164 shares of Associated British Foods stock in a transaction on Wednesday, November 6th. The stock was purchased at an average price of GBX 2,389 ($30.45) per share, with a total value of £99,477.96 ($126,804.28). Corporate insiders own 58.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ABF. Deutsche Bank Aktiengesellschaft lowered shares of Associated British Foods to a “sell” rating and dropped their price target for the company from GBX 2,290 ($29.19) to GBX 2,190 ($27.92) in a research note on Tuesday, August 27th. Shore Capital restated a “buy” rating on shares of Associated British Foods in a research report on Tuesday, September 3rd.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.