Associated British Foods plc (LON:ABF) Declares Dividend of GBX 13.80

Associated British Foods plc (LON:ABFGet Rating) announced a dividend on Tuesday, April 26th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 9th will be paid a dividend of GBX 13.80 ($0.18) per share on Friday, July 8th. This represents a yield of 0.85%. The ex-dividend date of this dividend is Thursday, June 9th. The official announcement can be seen at this link.

Shares of ABF opened at GBX 1,556.67 ($19.84) on Tuesday. The stock has a market capitalization of £12.32 billion and a P/E ratio of 25.53. The company has a quick ratio of 1.09, a current ratio of 1.86 and a debt-to-equity ratio of 36.86. The firm has a fifty day simple moving average of GBX 1,729.40 and a two-hundred day simple moving average of GBX 1,869.93. Associated British Foods has a twelve month low of GBX 1,462.50 ($18.64) and a twelve month high of GBX 2,389 ($30.45).

Several equities research analysts have weighed in on the stock. Barclays dropped their price target on shares of Associated British Foods from GBX 2,700 ($34.41) to GBX 2,500 ($31.86) and set an “overweight” rating for the company in a research report on Wednesday, April 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 2,300 ($29.31) price target on shares of Associated British Foods in a research report on Tuesday, March 1st. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 2,100 ($26.77) price target on shares of Associated British Foods in a research report on Monday, April 11th. Shore Capital restated a “buy” rating on shares of Associated British Foods in a report on Tuesday. Finally, Liberum Capital restated a “buy” rating and issued a GBX 2,600 ($33.14) price objective on shares of Associated British Foods in a report on Thursday, January 20th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 2,478.33 ($31.59).

Associated British Foods Company Profile (Get Rating)

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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Dividend History for Associated British Foods (LON:ABF)

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