Ambev SA (NYSE:ABEV) announced a special dividend on Thursday, December 7th, Wall Street Journal reports. Investors of record on Wednesday, December 20th will be given a dividend of 0.0958 per share on Monday, January 8th. The ex-dividend date of this dividend is Tuesday, December 19th. This is a positive change from Ambev’s previous special dividend of $0.05.

Ambev (ABEV) traded up $0.04 on Thursday, reaching $6.34. The company had a trading volume of 13,259,000 shares, compared to its average volume of 21,074,391. Ambev has a fifty-two week low of $4.73 and a fifty-two week high of $7.03. The company has a market capitalization of $98,916.95, a price-to-earnings ratio of 27.39 and a beta of 0.70. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.08.

Several research firms recently issued reports on ABEV. BidaskClub lowered Ambev from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 28th. Evercore ISI set a $9.00 target price on Ambev and gave the stock a “buy” rating in a report on Sunday, October 15th. Zacks Investment Research upgraded Ambev from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a research note on Monday, October 2nd. Barclays restated an “equal weight” rating and issued a $7.00 price objective (up previously from $6.00) on shares of Ambev in a research note on Friday, October 27th. Finally, TheStreet lowered Ambev from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Ambev presently has a consensus rating of “Hold” and an average price target of $7.83.

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Ambev Company Profile

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

Dividend History for Ambev (NYSE:ABEV)

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