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

Ambev S.A. (NYSE:ABEV) declared an annual dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders 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 of this dividend is Monday, December 23rd.

Ambev has a dividend payout ratio of 83.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Performance

Shares of ABEV stock traded down $0.04 during trading on Friday, reaching $2.14. 23,440,280 shares of the company’s stock were exchanged, compared to its average volume of 19,710,805. Ambev has a twelve month low of $2.01 and a twelve month high of $3.00. The firm’s fifty day moving average price is $2.24 and its 200-day moving average price is $2.23. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $33.71 billion, a PE ratio of 11.92, a PEG ratio of 6.67 and a beta of 1.05.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Ambev in a report on Friday, October 18th. They issued 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.