Compania Cervecerias Unidas S.A. (CCU) to Issue Dividend Increase – $0.36 Per Share

Compania Cervecerias Unidas S.A. (NYSE:CCU) declared a special dividend on Monday, March 12th, Wall Street Journal reports. Stockholders of record on Friday, April 20th will be paid a dividend of 0.3614 per share on Friday, May 4th. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, April 19th. This is a positive change from Compania Cervecerias Unidas’s previous special dividend of $0.33.

Compania Cervecerias Unidas has decreased its dividend payment by an average of 5.0% annually over the last three years. Compania Cervecerias Unidas has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Compania Cervecerias Unidas to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 28.3%.

Shares of Compania Cervecerias Unidas (CCU) traded up $0.03 during trading hours on Monday, hitting $28.88. The stock had a trading volume of 96,931 shares, compared to its average volume of 129,869. Compania Cervecerias Unidas has a twelve month low of $23.50 and a twelve month high of $30.35. The stock has a market cap of $5,310.00, a P/E ratio of 24.74 and a beta of 0.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.69 and a quick ratio of 1.69.

Separately, Zacks Investment Research upgraded Compania Cervecerias Unidas from a “sell” rating to a “hold” rating in a report on Monday, March 5th.

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Compania Cervecerias Unidas Company Profile

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

Dividend History for Compania Cervecerias Unidas (NYSE:CCU)

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