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. Shareholders of record on Monday, December 23rd will be given a dividend of 0.0414 per share on Thursday, January 9th. This represents a yield of 1.93%. The ex-dividend date of this dividend is Monday, December 23rd.

Ambev has a dividend 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 fall. 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 %

Shares of ABEV stock traded down $0.04 on Friday, reaching $2.14. 23,440,280 shares of the company were exchanged, compared to its average volume of 19,710,805. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The company has a 50-day moving average of $2.24 and a 200-day moving average of $2.23. The company has a market cap of $33.71 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 6.67 and a beta of 1.05. Ambev has a one year low of $2.01 and a one year high of $3.00.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Ambev in a report on Friday, October 18th. They set a “buy” rating for the company.

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.