Sendas Distribuidora S.A. (ASAI) to Issue — Dividend of $0.05 on March 7th

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 paid a dividend of 0.0488 per share on Friday, March 7th. The ex-dividend date of this dividend is Friday, January 10th.

Sendas Distribuidora has a dividend payout ratio of 9.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sendas Distribuidora to earn $0.60 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 13.3%.

Sendas Distribuidora Price Performance

Shares of ASAI stock opened at $4.63 on Wednesday. The stock has a 50 day moving average price of $5.48 and a 200 day moving average price of $7.33. The firm has a market capitalization of $1.25 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.44 and a beta of 0.95. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.43 and a current ratio of 0.86. Sendas Distribuidora has a 52-week low of $4.05 and a 52-week high of $15.25.

Analyst Ratings Changes

ASAI has been the topic of a number of research analyst reports. Bank of America cut shares of Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 price target on the stock. in a report on Friday, September 13th. Hsbc Global Res upgraded shares of Sendas Distribuidora to a “strong-buy” rating in a research note 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.