Assd Brit FOODS/ADR (ASBFY) Increases Dividend to $0.39 Per Share

Assd Brit FOODS/ADR (OTCMKTS:ASBFY) announced a Semi-Annual dividend on Thursday, November 8th, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.394 per share on Monday, January 28th. The ex-dividend date is Thursday, December 13th. This is a boost from Assd Brit FOODS/ADR’s previous Semi-Annual dividend of $0.14.

OTCMKTS ASBFY opened at $28.82 on Friday. Assd Brit FOODS/ADR has a 52 week low of $28.60 and a 52 week high of $41.03. The stock has a market cap of $24.23 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 0.07.

ASBFY has been the subject of several research reports. Zacks Investment Research raised shares of Assd Brit FOODS/ADR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Berenberg Bank raised shares of Assd Brit FOODS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $34.00.

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Assd Brit FOODS/ADR Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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