Compañía Cervecerías Unidas S.A. (NYSE:CCU) Declares Dividend Increase – $0.15 Per Share

Compañía Cervecerías Unidas S.A. (NYSE:CCU) announced a semi-annual dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Friday, January 1st will be paid a dividend of 0.1498 per share on Friday, November 22nd. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change 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 44.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Compañía Cervecerías Unidas stock traded up $0.09 during trading on Wednesday, hitting $10.83. 128,372 shares of the company were exchanged, compared to its average volume of 153,518. The business’s 50 day moving average is $11.01 and its 200 day moving average is $11.58. Compañía Cervecerías Unidas has a 52 week low of $10.00 and a 52 week high of $13.74. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80.

Analyst Ratings Changes

Several brokerages recently issued reports on CCU. StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. The Goldman Sachs Group cut their price objective on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. cut Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $21.00 to $10.00 in a research report on Thursday, August 8th. Finally, Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.