Central Puerto S.A. (NYSE:CEPU) Plans — Dividend of $0.40

Central Puerto S.A. (NYSE:CEPU) declared a — dividend on Tuesday, December 10th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.3954 per share on Friday, December 13th. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Central Puerto’s previous — dividend of $0.07.

Central Puerto Trading Up 0.5 %

Shares of CEPU stock traded up $0.07 during mid-day trading on Wednesday, reaching $14.25. The company’s stock had a trading volume of 25,938 shares, compared to its average volume of 326,708. The company’s 50 day simple moving average is $11.99 and its 200-day simple moving average is $10.15. Central Puerto has a 12-month low of $7.07 and a 12-month high of $14.90. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.16 billion, a PE ratio of 5.56 and a beta of 1.23.

Central Puerto (NYSE:CEPU) last released its quarterly earnings results on Monday, November 11th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). The firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $200.26 million. Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. On average, research analysts predict that Central Puerto will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America lifted their price objective on shares of Central Puerto from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th.

About Central Puerto

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.