Associated British Foods plc (LON:ABF) Raises Dividend to GBX 34.30 Per Share

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Associated British Foods plc (LON:ABF) announced a dividend on Tuesday, November 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 12th will be paid a dividend of GBX 34.30 ($0.45) per share on Friday, January 10th. This represents a yield of 1.44%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Associated British Foods’s previous dividend of $12.05. The official announcement can be seen at this link.

Shares of LON:ABF opened at GBX 2,494.68 ($32.82) on Tuesday. Associated British Foods has a 52-week low of GBX 2,011 ($26.45) and a 52-week high of GBX 2,601.34 ($34.22). The company has a market capitalization of $19.78 billion and a PE ratio of 22.45. The company has a debt-to-equity ratio of 6.16, a quick ratio of 0.91 and a current ratio of 1.82. The company has a fifty day moving average of GBX 2,407.18 and a 200-day moving average of GBX 2,372.07.

In related news, insider Ruth Cairnie acquired 1,110 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of GBX 2,231 ($29.35) per share, for a total transaction of £24,764.10 ($32,575.77). Also, insider John Bason sold 20,827 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of GBX 2,536 ($33.36), for a total value of £528,172.72 ($694,781.27).

ABF has been the topic of several recent research reports. Barclays reissued an “overweight” rating on shares of Associated British Foods in a report on Wednesday, November 27th. Royal Bank of Canada upped their target price on Associated British Foods from GBX 2,700 ($35.52) to GBX 2,800 ($36.83) and gave the stock an “outperform” rating in a report on Monday, November 25th. Berenberg Bank dropped their target price on Associated British Foods from GBX 2,800 ($36.83) to GBX 2,700 ($35.52) and set a “buy” rating for the company in a research report on Monday, October 21st. UBS Group reiterated a “buy” rating on shares of Associated British Foods in a research report on Wednesday, November 6th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 3,070 ($40.38) price target on shares of Associated British Foods in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Associated British Foods presently has a consensus rating of “Buy” and an average target price of GBX 2,855.64 ($37.56).

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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