Compania Cervecerias Unidas, S.A. (CCU) Announces Dividend Increase – $0.42 Per Share

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Compania Cervecerias Unidas, S.A. (NYSE:CCU) announced a semiannual dividend on Friday, December 7th, Wall Street Journal reports. Stockholders of record on Friday, December 28th will be given a dividend of 0.4161 per share on Friday, January 11th. This represents a dividend yield of 3.33%. The ex-dividend date is Thursday, December 27th. This is a boost from Compania Cervecerias Unidas’s previous semiannual dividend of $0.21.

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 payout ratio of 52.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.52 annual dividend with an expected future payout ratio of 52.5%.

NYSE CCU opened at $25.03 on Friday. Compania Cervecerias Unidas has a 12-month low of $24.30 and a 12-month high of $30.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $4.74 billion, a PE ratio of 9.93 and a beta of 0.56.

Separately, ValuEngine raised shares of Compania Cervecerias Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold”.

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About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through Chile, International Business, and Wine segments. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.

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Dividend History for Compania Cervecerias Unidas (NYSE:CCU)

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