CPB Inc. (CPF) to Issue Quarterly Dividend of $0.29 on March 16th

CPB Inc. (NYSE:CPF) announced a quarterly dividend on Tuesday, January 27th. Investors of record on Friday, February 27th will be given a dividend of 0.29 per share by the financial services provider on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, February 27th. This is a 3.6% increase from CPB’s previous quarterly dividend of $0.28.

CPB has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. CPB has a payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect CPB to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 36.7%.

CPB Stock Up 0.6%

Shares of NYSE:CPF opened at $31.90 on Thursday. The business has a fifty day simple moving average of $31.48 and a 200 day simple moving average of $30.04. CPB has a 12-month low of $23.16 and a 12-month high of $34.67. The firm has a market cap of $855.74 million, a P/E ratio of 13.13 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22.

CPB (NYSE:CPF) last issued its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.12. The company had revenue of $76.29 million during the quarter, compared to the consensus estimate of $75.43 million. CPB had a return on equity of 13.28% and a net margin of 18.66%. Analysts predict that CPB will post 2.75 earnings per share for the current year.

Institutional Trading of CPB

Hedge funds have recently modified their holdings of the stock. HoldCo Asset Management LP lifted its position in shares of CPB by 107.8% during the 3rd quarter. HoldCo Asset Management LP now owns 2,281,029 shares of the financial services provider’s stock valued at $69,206,000 after acquiring an additional 1,183,399 shares during the period. Millennium Management LLC increased its stake in CPB by 433.6% in the first quarter. Millennium Management LLC now owns 293,335 shares of the financial services provider’s stock valued at $7,932,000 after purchasing an additional 238,367 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of CPB by 371.1% during the second quarter. Qube Research & Technologies Ltd now owns 114,740 shares of the financial services provider’s stock valued at $3,216,000 after purchasing an additional 90,385 shares during the period. Basswood Capital Management L.L.C. grew its stake in shares of CPB by 11.0% in the 2nd quarter. Basswood Capital Management L.L.C. now owns 885,753 shares of the financial services provider’s stock valued at $24,828,000 after buying an additional 88,028 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in CPB by 335.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 86,523 shares of the financial services provider’s stock valued at $2,426,000 after buying an additional 66,642 shares in the last quarter. Institutional investors own 88.42% of the company’s stock.

About CPB

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.