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

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 given a dividend of 0.102 per share on Tuesday, May 7th. This represents a yield of 1.9%. The ex-dividend date of this dividend 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 dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 %

CCU stock opened at $11.93 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.33 and a quick ratio of 1.69. Compañía Cervecerías Unidas has a one year low of $10.82 and a one year high of $17.74. The firm has a 50 day simple moving average of $11.87 and a two-hundred day simple moving average of $12.05.

Compañía Cervecerías Unidas (NYSE:CCU) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.25 earnings per share (EPS) for the quarter. Compañía Cervecerías Unidas had a net margin of 3.98% and a return on equity of 7.16%. The company had revenue of $639.60 million during the quarter. On average, sell-side analysts anticipate that Compañía Cervecerías Unidas will post 0.85 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. PEAK6 Investments LLC bought a new position in shares of Compañía Cervecerías Unidas in the 4th quarter worth about $133,000. Barometer Capital Management Inc. bought a new position in shares of Compañía Cervecerías Unidas in the 4th quarter worth about $115,000. PNC Financial Services Group Inc. increased its stake in shares of Compañía Cervecerías Unidas by 28.1% in the 2nd 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. BNP Paribas Financial Markets increased its stake in shares of Compañía Cervecerías Unidas by 1,167.3% in the 4th quarter. BNP Paribas Financial Markets now owns 8,022 shares of the company’s stock worth $101,000 after acquiring an additional 7,389 shares in the last quarter. Finally, KBC Group NV grew its position in Compañía Cervecerías Unidas by 204.3% during the 4th quarter. KBC Group NV now owns 7,701 shares of the company’s stock valued at $97,000 after purchasing an additional 5,170 shares during the last quarter. 24.07% of the stock is currently owned by institutional investors.

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.