Companhia Brasileira de Distribuicao (CBD) Announces Special Dividend of $0.06
Companhia Brasileira de Distribuicao (NYSE:CBD) declared a special dividend on Tuesday, October 22nd, Stock Ratings News reports. Investors of record on Wednesday, October 30th will be given a dividend of $0.0602 per share on Monday, November 18th. This represents a yield of 0.44%. The ex-dividend date of this dividend is Monday, October 28th.
A number of research firms have recently commented on CBD. Analysts at TheStreet upgraded shares of Companhia Brasileira de Distribuicao to a “buy” rating in a research note to investors on Monday. On the ratings front, analysts at Zacks upgraded shares of Companhia Brasileira de Distribuicao from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, September 20th. They now have a $50.00 price target on the stock. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Companhia Brasileira de Distribuicao in a research note to investors on Friday, July 26th. They now have a $42.00 price target on the stock.
Companhia Brasileira de Distribuicao (NYSE:CBD) traded up 0.55% on Tuesday, hitting $50.93. 706,328 shares of the company’s stock traded hands. Companhia Brasileira de Distribuicao has a 52 week low of $38.70 and a 52 week high of $57.30. The stock’s 50-day moving average is $42.38 and its 200-day moving average is $48.88. The company has a market cap of $13.449 billion and a price-to-earnings ratio of 30.04.
Companhia Brasileira De Distribuicao (NYSE:CBD) is a Brazil-based food retailer.
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