Gafisa SA (GFA) to Issue … Dividend of $0.61

Gafisa SA (NYSE:GFA) declared a … dividend on Thursday, January 18th, Wall Street Journal reports. Investors of record on Monday, January 29th will be paid a dividend of 0.6079 per share by the construction company on Thursday, February 1st. This represents a dividend yield of 0.0521828326180257%. The ex-dividend date is Friday, January 26th.

Gafisa has a payout ratio of 0.4% meaning its dividend is sufficiently covered by earnings.

Shares of Gafisa (NYSE:GFA) traded up $1.33 during midday trading on Thursday, hitting $11.65. The company had a trading volume of 100,400 shares, compared to its average volume of 61,345. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.51. Gafisa has a 52 week low of $5.92 and a 52 week high of $22.23. The company has a market capitalization of $272.66, a PE ratio of -0.57 and a beta of 1.92.

Gafisa (NYSE:GFA) last issued its quarterly earnings results on Thursday, November 9th. The construction company reported ($2.27) EPS for the quarter. Gafisa had a negative return on equity of 34.52% and a negative net margin of 195.79%. research analysts anticipate that Gafisa will post 7.2 earnings per share for the current year.

Separately, JPMorgan Chase & Co. cut Gafisa from a “neutral” rating to an “underweight” rating in a research report on Monday, November 27th.

COPYRIGHT VIOLATION WARNING: This news story was reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://transcriptdaily.com/2018/01/18/gafisa-sa-gfa-to-issue-dividend-of-0-61.html.

Gafisa Company Profile

Gafisa SA is a diversified national homebuilder. The Company’s segments are Gafisa (for ventures targeted at high and medium income) and Tenda (for ventures targeted at low income). The Company’s brands include Tenda, which serves the affordable entry-level housing segments, Gafisa, which offers a range of residential options to the mid to higher income segments and Alphaville (equity method investment), which focuses on the identification, development and sale of residential communities.

Receive News & Ratings for Gafisa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gafisa and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply