Compañía Cervecerías Unidas S.A. (NYSE:CCU) Announces $0.10 Semi-Annual Dividend

Compañía Cervecerías Unidas S.A. (NYSE:CCU) declared a Semi-Annual dividend on Thursday, March 7th, Zacks reports. Shareholders of record on Wednesday, April 24th will be paid a dividend of 0.102 per share on Tuesday, May 7th. This represents a yield of 1.9%. The ex-dividend date is Tuesday, April 23rd.

Compañía Cervecerías Unidas has decreased its dividend by an average of 53.0% per year over the last three years. Compañía Cervecerías Unidas has a payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Compañía Cervecerías Unidas to earn $1.01 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 34.7%.

Compañía Cervecerías Unidas Trading Up 0.3 %

Compañía Cervecerías Unidas stock opened at $11.93 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.33 and a debt-to-equity ratio of 0.95. Compañía Cervecerías Unidas has a fifty-two week low of $10.82 and a fifty-two week high of $17.74. The firm’s fifty day moving average price is $11.87 and its 200-day moving average price is $12.05.

Compañía Cervecerías Unidas (NYSE:CCU) last announced its earnings results on Tuesday, February 27th. The company reported $0.25 earnings per share for the quarter. The business had revenue of $639.60 million for the quarter. Compañía Cervecerías Unidas had a return on equity of 7.16% and a net margin of 3.98%. As a group, analysts forecast that Compañía Cervecerías Unidas will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Toroso Investments LLC boosted its holdings in shares of Compañía Cervecerías Unidas by 4.3% in the 4th quarter. Toroso Investments LLC now owns 19,903 shares of the company’s stock worth $261,000 after purchasing an additional 826 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Compañía Cervecerías Unidas by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 52,656 shares of the company’s stock worth $823,000 after buying an additional 991 shares in the last quarter. UBS Group AG boosted its stake in Compañía Cervecerías Unidas by 2.2% in the second quarter. UBS Group AG now owns 61,759 shares of the company’s stock worth $780,000 after buying an additional 1,348 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Compañía Cervecerías Unidas by 4.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 36,563 shares of the company’s stock valued at $458,000 after acquiring an additional 1,435 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Compañía Cervecerías Unidas by 28.1% during the second quarter. PNC Financial Services Group Inc. now owns 6,618 shares of the company’s stock worth $107,000 after acquiring an additional 1,450 shares in the last quarter. Institutional investors own 24.07% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.71.

Compañía Cervecerías Unidas Company Profile

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.