Associated British Foods plc (ABF) To Go Ex-Dividend on December 12th

Associated British Foods plc (LON:ABF) declared a dividend on Tuesday, November 5th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 12th will be given a dividend of GBX 69.30 ($0.90) per share on Friday, January 10th. This represents a yield of 3.03%. The ex-dividend date is Thursday, December 12th. This is a boost from Associated British Foods’s previous dividend of $20.70. The official announcement can be seen at this link.

Associated British Foods Stock Performance

LON:ABF opened at GBX 2,322 ($30.23) on Thursday. The company has a market capitalization of £17.09 billion, a P/E ratio of 1,498.06, a P/E/G ratio of 1.51 and a beta of 1.24. The business has a fifty day simple moving average of GBX 2,326.91 and a two-hundred day simple moving average of GBX 2,468.09. The company has a debt-to-equity ratio of 33.71, a current ratio of 1.79 and a quick ratio of 0.93. Associated British Foods has a 1 year low of GBX 2,158.50 ($28.10) and a 1 year high of GBX 2,770.66 ($36.07).

Insider Activity

In related news, insider Loraine Woodhouse purchased 4,164 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average cost of GBX 2,389 ($31.10) per share, for a total transaction of £99,477.96 ($129,494.87). 58.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Associated British Foods to a “sell” rating and decreased their price objective for the stock from GBX 2,290 ($29.81) to GBX 2,190 ($28.51) in a report on Tuesday, August 27th. Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Tuesday, September 3rd.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, 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.