Companhia Brasileira de Distribuicao (CBD) to Issue $0.07 Special Dividend

Companhia Brasileira de Distribuicao (NYSE:CBD) declared a special dividend on Monday, December 3rd, Wall Street Journal reports. Stockholders of record on Monday, December 10th will be given a dividend of 0.072 per share on Thursday, December 20th. The ex-dividend date is Friday, December 7th.

Shares of NYSE:CBD traded up $0.82 on Monday, hitting $22.37. 1,635,887 shares of the company were exchanged, compared to its average volume of 577,720. Companhia Brasileira de Distribuicao has a one year low of $17.91 and a one year high of $25.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 1.20. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 48.63, a PEG ratio of 1.07 and a beta of 1.54.

Companhia Brasileira de Distribuicao (NYSE:CBD) last posted its earnings results on Friday, October 26th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.08). The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.09 billion. Companhia Brasileira de Distribuicao had a net margin of 2.25% and a return on equity of 4.54%. Equities analysts predict that Companhia Brasileira de Distribuicao will post 1 EPS for the current year.

A number of analysts recently weighed in on the stock. ValuEngine raised shares of Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a “sell” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Friday, September 21st. Finally, Santander raised shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research note on Monday, September 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Companhia Brasileira de Distribuicao has an average rating of “Buy” and a consensus target price of $23.00.

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Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores in Brazil. The company operates through two segments, Food Retail; and Cash and Carry.

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Dividend History for Companhia Brasileira de Distribuicao (NYSE:CBD)

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