Associated British Foods plc (LON:ABF) announced a dividend on Tuesday, November 6th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 13th will be given a dividend of GBX 33.30 ($0.44) per share on Friday, January 11th. This represents a dividend yield of 1.35%. The ex-dividend date is Thursday, December 13th. This is a boost from Associated British Foods’s previous dividend of $11.70. The official announcement can be seen at this link.
LON:ABF opened at GBX 2,242 ($29.30) on Friday. Associated British Foods has a 12-month low of GBX 2,476 ($32.35) and a 12-month high of GBX 3,387 ($44.26).
ABF has been the subject of several recent research reports. UBS Group reissued a “buy” rating and issued a GBX 3,150 ($41.16) price target on shares of Associated British Foods in a research report on Tuesday, September 18th. Kepler Capital Markets dropped their price target on shares of Associated British Foods from GBX 3,000 ($39.20) to GBX 2,600 ($33.97) and set a “buy” rating for the company in a research report on Tuesday, September 11th. Liberum Capital reissued a “buy” rating and issued a GBX 3,500 ($45.73) price target on shares of Associated British Foods in a research report on Monday, September 10th. Shore Capital reissued a “buy” rating on shares of Associated British Foods in a research report on Friday, September 7th. Finally, Deutsche Bank dropped their price target on shares of Associated British Foods from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set a “buy” rating for the company in a research report on Thursday, August 30th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 3,023.63 ($39.51).
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Associated British Foods 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, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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