Central Puerto S.A. (NYSE:CEPU) to Issue — Dividend of $0.40

Central Puerto S.A. (NYSE:CEPU) announced a — dividend on Tuesday, December 10th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.3954 per share on Friday, December 13th. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 29th. This is a boost from Central Puerto’s previous — dividend of $0.07.

Central Puerto Price Performance

NYSE:CEPU traded down $0.21 during mid-day trading on Tuesday, hitting $14.18. 188,807 shares of the stock traded hands, compared to its average volume of 327,971. The business’s 50-day moving average price is $11.90 and its 200 day moving average price is $10.12. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.15 billion, a PE ratio of 5.64 and a beta of 1.23. Central Puerto has a 12-month low of $7.07 and a 12-month high of $14.90.

Central Puerto (NYSE:CEPU) last released its quarterly earnings results on Monday, November 11th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.19). The firm had revenue of $185.00 million during the quarter, compared to the consensus estimate of $200.26 million. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. On average, analysts expect that Central Puerto will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America raised their price target on Central Puerto from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th.

Central Puerto Company Profile

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.