Brf S.A. (BRFS) to Issue Special Dividend of $0.35 on October 9th

Brf S.A. (NYSE:BRFS) declared a special dividend on Tuesday, September 9th, Wall Street Journal reports. Shareholders of record on Monday, September 22nd will be given a dividend of 0.3483 per share on Thursday, October 9th. This represents a yield of 230.0%. The ex-dividend date is Monday, September 22nd.

BRF Price Performance

Shares of NYSE BRFS opened at $3.76 on Thursday. The company has a 50-day moving average price of $3.68 and a 200-day moving average price of $3.58. BRF has a 1 year low of $2.99 and a 1 year high of $4.87. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 1.03.

BRF (NYSE:BRFS) last posted its earnings results on Thursday, August 14th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $15.29 billion. BRF had a return on equity of 20.20% and a net margin of 5.84%. On average, sell-side analysts anticipate that BRF will post 0.45 EPS for the current year.

Institutional Trading of BRF

A number of large investors have recently bought and sold shares of the company. Inspire Investing LLC grew its stake in shares of BRF by 32.7% during the 2nd quarter. Inspire Investing LLC now owns 16,342 shares of the company’s stock worth $60,000 after acquiring an additional 4,027 shares during the period. GAMMA Investing LLC lifted its stake in shares of BRF by 111.7% during the 1st quarter. GAMMA Investing LLC now owns 9,082 shares of the company’s stock valued at $31,000 after buying an additional 4,792 shares in the last quarter. Quantbot Technologies LP boosted its holdings in BRF by 50.9% in the 1st quarter. Quantbot Technologies LP now owns 19,538 shares of the company’s stock worth $67,000 after buying an additional 6,589 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in BRF by 43.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,580 shares of the company’s stock valued at $108,000 after buying an additional 8,975 shares in the last quarter. Finally, R Squared Ltd raised its holdings in BRF by 912.7% during the 1st quarter. R Squared Ltd now owns 11,950 shares of the company’s stock valued at $41,000 after acquiring an additional 10,770 shares during the period. 4.76% of the stock is owned by hedge funds and other institutional investors.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.