Compañía Cervecerías Unidas S.A. (NYSE:CCU) Plans Semi-annual Dividend of $0.15

Compañía Cervecerías Unidas S.A. (NYSE:CCU) declared a semi-annual dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Friday, January 1st will be paid a dividend of 0.1498 per share on Friday, November 22nd. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 22nd. This is an increase from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10.

Compañía Cervecerías Unidas has decreased its dividend payment by an average of 23.6% per year over the last three years. Compañía Cervecerías Unidas has a dividend payout ratio of 44.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Compañía Cervecerías Unidas to earn $0.86 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 40.7%.

Compañía Cervecerías Unidas Trading Up 0.8 %

NYSE CCU traded up $0.09 during trading on Wednesday, reaching $10.83. The company’s stock had a trading volume of 128,372 shares, compared to its average volume of 153,518. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The firm has a fifty day moving average of $11.01 and a 200 day moving average of $11.58. Compañía Cervecerías Unidas has a one year low of $10.00 and a one year high of $13.74.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CCU shares. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group dropped their target price on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a report on Tuesday. StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. cut Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and dropped their target price for the company from $21.00 to $10.00 in a report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.08.

Compañía Cervecerías Unidas Company Profile

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.