Ambev S.A. (NYSE:ABEV) Announces Quarterly Dividend of $0.01

Ambev S.A. (NYSE:ABEV) declared a quarterly dividend on Tuesday, May 12th. Stockholders of record on Wednesday, June 24th will be paid 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 is Wednesday, June 24th.

Ambev has raised its dividend 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. Equities 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 Price Performance

Shares of ABEV traded down $0.10 during mid-day trading on Wednesday, reaching $3.17. The company had a trading volume of 15,276,485 shares, compared to its average volume of 25,480,180. Ambev has a twelve month low of $2.10 and a twelve month high of $3.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.03 and a quick ratio of 0.78. The company’s 50-day moving average is $3.00 and its 200-day moving average is $2.76. The company has a market capitalization of $49.89 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.92 and a beta of 0.61.

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

About Ambev

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.