Compañía Cervecerías Unidas S.A. (CCU) To Go Ex-Dividend on November 22nd

Compañía Cervecerías Unidas S.A. (NYSE:CCU) announced a semi-annual dividend on Wednesday, November 13th,Wall Street Journal reports. Stockholders of record on Friday, January 1st will be paid a dividend of 0.1498 per share on Friday, November 22nd. This represents a dividend yield of 2.4%. The ex-dividend date is Friday, November 22nd. This is an increase from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10.

Compañía Cervecerías Unidas has decreased its dividend payment by an average of 23.6% per year over the last three years. Compañía Cervecerías Unidas has a dividend payout ratio of 43.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Compañía Cervecerías Unidas to earn $0.86 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 40.7%.

Compañía Cervecerías Unidas Stock Down 0.1 %

NYSE:CCU opened at $10.82 on Friday. Compañía Cervecerías Unidas has a 1-year low of $10.00 and a 1-year high of $13.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The business’s fifty day moving average price is $11.01 and its 200 day moving average price is $11.57.

Analyst Upgrades and Downgrades

CCU has been the subject of several research reports. JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $21.00 to $10.00 in a report on Thursday, August 8th. The Goldman Sachs Group lowered their price target on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a report on Tuesday. StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Finally, Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Compañía Cervecerías Unidas presently has an average rating of “Hold” and a consensus price target of $12.08.

About Compañía Cervecerías Unidas

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