Ambev S.A. to Issue Annual Dividend of $0.04 (NYSE:ABEV)

Ambev S.A. (NYSE:ABEV) announced an annual dividend on Thursday, December 12th,NASDAQ Dividends reports. Investors of record on Monday, December 23rd will be paid a dividend of 0.0414 per share on Thursday, January 9th. This represents a yield of 1.93%. The ex-dividend date is Monday, December 23rd.

Ambev has a payout ratio of 83.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Ambev to earn $0.17 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 88.2%.

Ambev Stock Down 1.8 %

Ambev stock traded down $0.04 on Friday, hitting $2.14. 23,440,280 shares of the stock traded hands, compared to its average volume of 19,710,805. The business’s fifty day simple moving average is $2.24 and its 200 day simple moving average is $2.23. The firm has a market cap of $33.71 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 6.67 and a beta of 1.05. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. Ambev has a 1 year low of $2.01 and a 1 year high of $3.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Ambev in a research note on Friday, October 18th. They set a “buy” rating on the stock.

About Ambev

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.