Sendas Distribuidora S.A. to Issue — Dividend of $0.05 (NYSE:ASAI)

Sendas Distribuidora S.A. (NYSE:ASAI) announced a — dividend on Tuesday, December 31st,Wall Street Journal reports. Shareholders of record on Friday, January 10th will be given a dividend of 0.0488 per share on Friday, March 7th. The ex-dividend date is Friday, January 10th.

Sendas Distribuidora Stock Down 0.9 %

Shares of ASAI traded down $0.04 during mid-day trading on Thursday, hitting $4.43. 304,158 shares of the company traded hands, compared to its average volume of 466,255. The company has a market capitalization of $1.20 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 0.44 and a beta of 0.92. The company has a quick ratio of 0.43, a current ratio of 0.86 and a debt-to-equity ratio of 4.15. The business has a 50 day moving average of $5.64 and a 200 day moving average of $7.51. Sendas Distribuidora has a 1-year low of $4.05 and a 1-year high of $15.25.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Bank of America lowered shares of Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 price target on the stock. in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 target price for the company. in a research note on Monday, September 9th. Finally, Hsbc Global Res raised Sendas Distribuidora to a “strong-buy” rating in a research report on Tuesday, September 24th.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.