Sendas Distribuidora S.A. (NYSE:ASAI) Announces $0.05 — Dividend

Sendas Distribuidora S.A. (NYSE:ASAI) declared a — dividend on Tuesday, December 31st,Wall Street Journal reports. Investors of record on Friday, January 10th will be given a dividend of 0.0488 per share on Friday, March 7th. The ex-dividend date of this dividend is Friday, January 10th.

Sendas Distribuidora has a payout ratio of 9.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sendas Distribuidora to earn $0.60 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 13.3%.

Sendas Distribuidora Price Performance

NYSE ASAI opened at $4.63 on Wednesday. The firm’s fifty day simple moving average is $5.48 and its two-hundred day simple moving average is $7.33. The firm has a market capitalization of $1.25 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.44 and a beta of 0.95. The company has a current ratio of 0.86, a quick ratio of 0.43 and a debt-to-equity ratio of 4.15. Sendas Distribuidora has a 12-month low of $4.05 and a 12-month high of $15.25.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ASAI. Bank of America lowered Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 target price on the stock. in a research report on Friday, September 13th. Hsbc Global Res upgraded shares of Sendas Distribuidora to a “strong-buy” rating in a report on Tuesday, September 24th.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.