Ambev S.A. (NYSE:ABEV) Declares $0.01 Quarterly Dividend

Ambev S.A. (NYSE:ABEV) declared a quarterly dividend on Tuesday, May 12th. Shareholders of record on Wednesday, June 24th will be paid a dividend of 0.0092 per share on Monday, January 11th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 24th.

Ambev has raised its dividend payment by an average of 0.2%per year over the last three years. Ambev has a payout ratio of 183.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Ambev to earn $0.22 per share next year, which means the company may not be able to cover its $0.33 annual dividend with an expected future payout ratio of 150.0%.

Ambev Trading Down 2.9%

ABEV traded down $0.10 during mid-day trading on Wednesday, hitting $3.17. The stock had a trading volume of 15,276,485 shares, compared to its average volume of 25,480,180. The stock’s fifty day simple moving average is $3.00 and its 200-day simple moving average is $2.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.03 and a quick ratio of 0.78. The firm has a market capitalization of $49.89 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.92 and a beta of 0.61. Ambev has a 1-year low of $2.10 and a 1-year high of $3.45.

Ambev (NYSE:ABEV) last posted its earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.38 billion. Ambev had a net margin of 17.69% and a return on equity of 16.63%. As a group, research analysts forecast that Ambev will post 0.2 EPS for the current fiscal year.

Ambev Company Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.