Compañía Cervecerías Unidas S.A. Declares Semi-annual Dividend of $0.24 (NYSE:CCU)

Compañía Cervecerías Unidas S.A. (NYSE:CCU) announced a semi-annual dividend on Wednesday, April 14th, Wall Street Journal reports. Stockholders of record on Friday, January 1st will be given a dividend of 0.2362 per share on Thursday, April 15th. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, April 15th.

Compañía Cervecerías Unidas has increased its dividend payment by 5.2% over the last three years.

NYSE:CCU traded up $0.52 during mid-day trading on Wednesday, hitting $19.17. 341,793 shares of the company’s stock were exchanged, compared to its average volume of 319,771. The firm has a market capitalization of $3.54 billion, a P/E ratio of 28.24, a PEG ratio of 13.96 and a beta of 0.96. Compañía Cervecerías Unidas has a fifty-two week low of $10.72 and a fifty-two week high of $19.26. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.31. The company has a 50 day simple moving average of $18.06 and a 200-day simple moving average of $15.51.

Compañía Cervecerías Unidas (NYSE:CCU) last issued its quarterly earnings results on Tuesday, February 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.15. The firm had revenue of $779.52 million for the quarter, compared to the consensus estimate of $815.17 million. Compañía Cervecerías Unidas had a net margin of 5.32% and a return on equity of 6.80%. As a group, analysts expect that Compañía Cervecerías Unidas will post 0.56 earnings per share for the current year.

CCU has been the topic of a number of recent analyst reports. Scotiabank initiated coverage on shares of Compañía Cervecerías Unidas in a research report on Thursday, April 8th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, February 25th.

Compañía Cervecerías Unidas Company Profile

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. 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.

Further Reading: Market Capitalization

Dividend History for Compañía Cervecerías Unidas (NYSE:CCU)

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