Companhia Brasileira de Distribuicao (NYSE:CBD) announced a special dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Monday, December 11th will be given a dividend of 0.0968 per share on Friday, December 22nd. The ex-dividend date of this dividend is Friday, December 8th. This is a positive change from Companhia Brasileira de Distribuicao’s previous special dividend of $0.06.

Companhia Brasileira de Distribuicao has decreased its dividend payment by an average of 79.8% per year over the last three years.

Shares of Companhia Brasileira de Distribuicao (CBD) opened at $23.10 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.18 and a debt-to-equity ratio of 0.26. Companhia Brasileira de Distribuicao has a fifty-two week low of $14.73 and a fifty-two week high of $25.90. The company has a market cap of $5,979.28, a P/E ratio of 24.41, a P/E/G ratio of 1.30 and a beta of 1.84.

Several analysts have commented on CBD shares. Zacks Investment Research downgraded shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Credit Suisse Group upgraded shares of Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 7th. Finally, UBS upgraded shares of Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 21st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Companhia Brasileira de Distribuicao currently has an average rating of “Buy” and a consensus price target of $28.00.

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About Companhia Brasileira de Distribuicao

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

Dividend History for Companhia Brasileira de Distribuicao (NYSE:CBD)

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