Associated British Foods plc (LON:ABF) declared a dividend on Tuesday, November 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 13th will be given a dividend of GBX 33.30 ($0.44) per share on Friday, January 11th. This represents a dividend yield of 1.35%. The ex-dividend date is Thursday, December 13th. This is a boost from Associated British Foods’s previous dividend of $11.70. The official announcement can be seen at this link.

Associated British Foods stock opened at GBX 2,242 ($29.30) on Friday. Associated British Foods has a fifty-two week low of GBX 2,476 ($32.35) and a fifty-two week high of GBX 3,387 ($44.26).

In related news, insider John Bason bought 18,438 shares of Associated British Foods stock in a transaction that occurred on Monday, November 26th. The stock was acquired at an average price of GBX 2,495 ($32.60) per share, with a total value of £460,028.10 ($601,108.19).

Several research analysts have recently weighed in on ABF shares. Credit Suisse Group restated an “outperform” rating on shares of Associated British Foods in a research note on Thursday, August 23rd. Citigroup restated a “buy” rating and set a GBX 2,765 ($36.13) price objective on shares of Associated British Foods in a research note on Tuesday, August 28th. Deutsche Bank lowered their price objective on shares of Associated British Foods from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set a “buy” rating on the stock in a research note on Thursday, August 30th. Barclays restated an “overweight” rating on shares of Associated British Foods in a research note on Friday, August 31st. Finally, Shore Capital restated a “buy” rating on shares of Associated British Foods in a research note on Friday, September 7th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Associated British Foods presently has an average rating of “Buy” and a consensus price target of GBX 3,023.63 ($39.51).

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About Associated British Foods

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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Dividend History for Associated British Foods (LON:ABF)

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