CPB Inc. (CPF) To Go Ex-Dividend on February 27th

CPB Inc. (NYSE:CPF) announced a quarterly dividend on Tuesday, January 27th. Investors of record on Friday, February 27th will be paid a dividend of 0.29 per share by the financial services provider on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, February 27th. This is a 3.6% increase from CPB’s previous quarterly dividend of $0.28.

CPB has increased its dividend by an average of 0.0%annually 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% meaning its dividend is sufficiently covered by earnings. Research analysts expect CPB to earn $3.05 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 38.0%.

CPB Stock Performance

Shares of CPF stock opened at $32.78 on Wednesday. CPB has a fifty-two week low of $23.16 and a fifty-two week high of $35.01. The stock’s 50-day moving average is $32.60 and its two-hundred day moving average is $30.89. 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 firm has a market cap of $879.35 million, a P/E ratio of 11.46 and a beta of 0.96.

CPB (NYSE:CPF) last announced its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.73 by $0.12. CPB had a return on equity of 13.64% and a net margin of 21.17%.The business had revenue of $76.29 million during the quarter, compared to analysts’ expectations of $75.43 million. Analysts predict that CPB will post 2.75 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.