Ambev S.A. (ABEV) To Go Ex-Dividend on June 24th

Ambev S.A. (NYSE:ABEV) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Wednesday, June 24th will be given a dividend of 0.0092 per share on Monday, January 11th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 24th.

Ambev has raised its dividend payment by an average of 0.2%annually over the last three years. Ambev has a dividend payout ratio of 183.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Ambev to earn $0.22 per share next year, which means the company may not be able to cover its $0.33 annual dividend with an expected future payout ratio of 150.0%.

Ambev Stock Down 3.5%

ABEV stock opened at $3.15 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.78 and a debt-to-equity ratio of 0.02. The business’s 50 day simple moving average is $3.00 and its 200 day simple moving average is $2.76. Ambev has a 1-year low of $2.10 and a 1-year high of $3.45. The firm has a market capitalization of $49.57 billion, a PE ratio of 16.55, a PEG ratio of 1.90 and a beta of 0.61.

Ambev (NYSE:ABEV) last released its earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.38 billion. Ambev had a return on equity of 16.63% and a net margin of 17.69%. As a group, research analysts anticipate that Ambev will post 0.2 EPS for the current year.

Ambev Company Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.