CPB Inc. to Issue Quarterly Dividend of $0.29 (NYSE:CPF)

CPB Inc. (NYSE:CPF) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 29th will be given a dividend of 0.29 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, May 29th.

CPB has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. CPB has a dividend payout ratio of 36.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CPB to earn $3.60 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 32.2%.

CPB Trading Down 3.2%

NYSE:CPF opened at $33.08 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50-day simple moving average is $32.59 and its 200-day simple moving average is $31.64. CPB has a fifty-two week low of $25.23 and a fifty-two week high of $35.41. The stock has a market capitalization of $874.50 million, a PE ratio of 11.61 and a beta of 0.88.

CPB (NYSE:CPF) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. CPB had a net margin of 21.17% and a return on equity of 13.64%. The firm had revenue of $72.93 million for the quarter, compared to the consensus estimate of $74.30 million. Sell-side analysts expect that CPB will post 3.27 earnings per share for the current fiscal year.

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.