Companhia Brasileira de Distribuicao (NYSE:CBD) declared a special dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Monday, December 11th will be given a dividend of 0.0968 per share on Friday, December 22nd. The ex-dividend date of this dividend is Friday, December 8th. This is a boost from Companhia Brasileira de Distribuicao’s previous special dividend of $0.06.

Companhia Brasileira de Distribuicao has decreased its dividend payment by an average of 79.8% annually over the last three years.

Companhia Brasileira de Distribuicao (NYSE CBD) traded up $0.65 during trading hours on Monday, hitting $22.33. The company had a trading volume of 251,633 shares, compared to its average volume of 478,812. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 1.18. Companhia Brasileira de Distribuicao has a fifty-two week low of $14.20 and a fifty-two week high of $25.90. The firm has a market capitalization of $5,771.63, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84.

Several research firms recently commented on CBD. UBS upgraded Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 21st. Zacks Investment Research upgraded Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, September 26th. Finally, Credit Suisse Group upgraded Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.00.

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About Companhia Brasileira de Distribuicao

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

Dividend History for Companhia Brasileira de Distribuicao (NYSE:CBD)

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