AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) announced a quarterly dividend on Thursday, August 10th, RTT News reports. Investors of record on Monday, August 21st will be given a dividend of 0.365 per share on Tuesday, September 5th. This represents a $1.46 annualized dividend and a dividend yield of 1.83%.

AmerisourceBergen Corporation (Holding Co) has increased its dividend payment by an average of 17.0% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. AmerisourceBergen Corporation (Holding Co) has a dividend payout ratio of 24.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AmerisourceBergen Corporation (Holding Co) to earn $6.13 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 23.8%.

AmerisourceBergen Corporation (ABC) traded down 1.73% during midday trading on Thursday, hitting $78.42. The company had a trading volume of 1,069,842 shares. AmerisourceBergen Corporation has a 52-week low of $68.38 and a 52-week high of $97.85. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of 20.43 and a beta of 0.91. The stock has a 50 day moving average of $91.85 and a 200 day moving average of $89.29.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.06. The business had revenue of $38.71 billion for the quarter, compared to analyst estimates of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $1.37 EPS. On average, analysts anticipate that AmerisourceBergen Corporation will post $5.88 EPS for the current year.

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In other news, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $91.73, for a total transaction of $1,375,950.00. Following the sale, the chairman now directly owns 253,876 shares of the company’s stock, valued at $23,288,045.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 27.40% of the stock is currently owned by insiders.

Several research analysts recently weighed in on the company. Bank of America Corporation lowered AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and cut their target price for the stock from $95.76 to $94.00 in a research report on Friday, June 30th. Zacks Investment Research raised AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and issued a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, June 21st. Leerink Swann set a $90.00 price objective on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research report on Monday. Finally, Vetr raised AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $97.44 price objective on the stock in a research report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $93.14.

AmerisourceBergen Corporation (Holding Co) Company Profile

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.

Dividend History for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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