Ambev S.A. (ABEV) to Issue Special Dividend of $0.05 on January 9th

Ambev S.A. (NYSE:ABEV) declared a special dividend on Thursday, December 11th. Shareholders of record on Monday, December 22nd will be given a dividend of 0.049 per share on Friday, January 9th. This represents a yield of 1,322.0%. The ex-dividend date is Monday, December 22nd.

Ambev has decreased its dividend by an average of 0.1%per year over the last three years. Ambev has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ambev to earn $0.17 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 23.5%.

Ambev Stock Up 1.8%

Ambev stock opened at $2.55 on Friday. The business has a fifty day moving average price of $2.38 and a 200-day moving average price of $2.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.15 and a quick ratio of 0.86. Ambev has a 1-year low of $1.76 and a 1-year high of $2.63. The stock has a market capitalization of $40.10 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 2.72 and a beta of 0.70.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Ambev had a net margin of 17.90% and a return on equity of 15.81%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.97 billion. Equities research analysts forecast that Ambev will post 0.18 EPS for the current fiscal year.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.