Companhia Brasileira de Distribuicao (NYSE:CBD) announced a special dividend on Wednesday, March 27th, Wall Street Journal reports. Investors of record on Friday, April 5th will be paid a dividend of 0.1939 per share on Thursday, May 30th. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Companhia Brasileira de Distribuicao’s previous special dividend of $0.07.
Companhia Brasileira de Distribuicao stock traded up $0.71 during trading on Friday, hitting $23.77. 425,463 shares of the company were exchanged, compared to its average volume of 527,064. The company has a market capitalization of $6.33 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. Companhia Brasileira de Distribuicao has a 52 week low of $17.91 and a 52 week high of $26.81.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. ValuEngine downgraded Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $28.00.
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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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