Anheuser-Busch InBev SA/NV (NYSE:BUD) Plans Dividend Increase – $0.87 Per Share

Anheuser-Busch InBev SA/NV (NYSE:BUD) declared an annual dividend on Wednesday, April 17th, Wall Street Journal reports. Stockholders of record on Monday, May 6th will be paid a dividend of 0.8722 per share by the consumer goods maker on Friday, June 7th. This represents a dividend yield of 1.1%. The ex-dividend date is Friday, May 3rd. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61.

Anheuser-Busch InBev SA/NV has raised its dividend payment by an average of 13.2% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Anheuser-Busch InBev SA/NV has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Anheuser-Busch InBev SA/NV to earn $3.90 per share next year, which means the company should continue to be able to cover its $0.87 annual dividend with an expected future payout ratio of 22.3%.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $59.46 on Thursday. The business’s fifty day simple moving average is $60.47 and its 200-day simple moving average is $61.23. The company has a market cap of $103.29 billion, a PE ratio of 22.44, a PEG ratio of 1.80 and a beta of 1.11. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. Anheuser-Busch InBev SA/NV has a 12-month low of $51.66 and a 12-month high of $66.32.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $14.47 billion for the quarter, compared to the consensus estimate of $15.34 billion. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. During the same period in the prior year, the firm posted $0.98 earnings per share. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BUD has been the topic of several recent research reports. Jefferies Financial Group raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and upped their price target for the company from $60.00 to $76.00 in a report on Wednesday, January 10th. BNP Paribas lowered shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. Finally, TD Cowen lowered their price target on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and an average target price of $71.70.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.