CPB Inc. (NYSE:CPF) Plans Quarterly Dividend of $0.30

CPB Inc. (NYSE:CPF) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Monday, August 31st will be given a dividend of 0.30 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 31st. This is a 3.4% increase from CPB’s previous quarterly dividend of $0.29.

CPB has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. CPB has a payout ratio of 36.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect CPB to earn $3.48 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 33.3%.

CPB Stock Up 0.2%

NYSE CPF traded up $0.07 during trading hours on Friday, reaching $38.75. 245,502 shares of the company’s stock were exchanged, compared to its average volume of 158,649. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.96 and a beta of 0.84. The company’s 50-day moving average is $36.58 and its two-hundred day moving average is $34.12. CPB has a one year low of $25.62 and a one year high of $40.06.

CPB (NYSE:CPF) last announced its quarterly earnings results on Friday, July 24th. The financial services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $77.45 million for the quarter, compared to analyst estimates of $75.69 million. CPB had a net margin of 21.96% and a return on equity of 13.93%. During the same quarter in the previous year, the firm posted $0.67 earnings per share. On average, analysts forecast that CPB will post 3.17 EPS for the current fiscal year.

CPB Company Profile

Charoen Pokphand Foods Public Company Limited (NYSE: CPF) is a Thailand‐based integrated agro‐industrial and food conglomerate. Headquartered in Bangkok, the company is a subsidiary of the Charoen Pokphand Group and has grown into one of the world’s leading producers of livestock feed, meat and seafood products. CPF’s businesses span animal feed milling, animal breeding and hatchery operations, meat and seafood processing, and the distribution of fresh, frozen and value‐added food products.

CPF’s product portfolio includes poultry, swine and aquaculture feed; fresh and frozen chicken and pork; shrimp and other seafood; as well as ready‐to‐eat and ready‐to‐cook food items.