CPB Inc. (CPF) To Go Ex-Dividend on August 31st

CPB Inc. (NYSE:CPF) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 31st will be given a dividend of 0.30 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, August 31st. This is a 3.4% increase from CPB’s previous quarterly dividend of $0.29.

CPB has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. CPB has a payout ratio of 36.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect CPB to earn $3.48 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 33.3%.

CPB Stock Performance

Shares of CPF stock opened at $38.75 on Friday. The company’s fifty day simple moving average is $36.69 and its 200-day simple moving average is $34.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.01 billion, a PE ratio of 12.96 and a beta of 0.84. CPB has a 12 month low of $25.62 and a 12 month high of $40.06.

CPB (NYSE:CPF) last announced its earnings results on Friday, July 24th. The financial services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. The business had revenue of $77.45 million during the quarter, compared to analysts’ expectations of $75.69 million. CPB had a net margin of 21.96% and a return on equity of 13.93%. During the same quarter in the prior year, the company posted $0.67 earnings per share. Equities research analysts expect that CPB will post 3.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CPF shares. Benchmark assumed coverage on shares of CPB in a research report on Thursday, July 9th. They set a “buy” rating and a $44.00 price target on the stock. Weiss Ratings upgraded CPB from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, June 18th. Keefe, Bruyette & Woods lifted their target price on CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, April 9th. Finally, Piper Sandler lowered their target price on CPB from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $39.33.

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.