Coca-Cola HBC AG (LON:CCH) Declares Dividend Increase – €0.71 Per Share

Coca-Cola HBC AG (LON:CCHGet Rating) announced a dividend on Thursday, May 19th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 7th will be paid a dividend of €0.71 ($0.74) per share on Tuesday, August 2nd. This represents a yield of 3.56%. The ex-dividend date of this dividend is Thursday, July 7th. This is a positive change from Coca-Cola HBC’s previous dividend of $0.64. The official announcement can be accessed at this link.

CCH stock traded down GBX 31.50 ($0.39) during mid-day trading on Thursday, reaching GBX 1,686 ($20.78). 617,603 shares of the stock traded hands, compared to its average volume of 1,126,618. The company has a quick ratio of 1.00, a current ratio of 1.26 and a debt-to-equity ratio of 94.24. Coca-Cola HBC has a 52 week low of GBX 1,403.50 ($17.30) and a 52 week high of GBX 2,809.60 ($34.64). The business has a 50-day moving average of GBX 1,627.85 and a two-hundred day moving average of GBX 2,140.40. The firm has a market capitalization of £6.17 billion and a PE ratio of 13.37.

In related news, insider Zoran Bogdanovic bought 218 shares of Coca-Cola HBC stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average price of GBX 1,799 ($22.18) per share, for a total transaction of £3,921.82 ($4,834.59). In the last quarter, insiders purchased 2,608 shares of company stock valued at $4,201,726.

A number of equities research analysts have issued reports on CCH shares. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,900 ($23.42) price target on shares of Coca-Cola HBC in a report on Friday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,585 ($31.87) price target on shares of Coca-Cola HBC in a report on Monday, May 9th. Morgan Stanley restated an “equal weight” rating on shares of Coca-Cola HBC in a report on Wednesday, May 11th. Finally, Barclays restated an “overweight” rating and set a GBX 3,000 ($36.98) price target on shares of Coca-Cola HBC in a report on Thursday, February 24th.

About Coca-Cola HBC (Get Rating)

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.

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Dividend History for Coca-Cola HBC (LON:CCH)

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