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 paid a dividend of 0.0968 per share on Friday, December 22nd. The ex-dividend date 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% annually over the last three years.

Shares of Companhia Brasileira de Distribuicao (CBD) opened at $23.10 on Thursday. The company has a market capitalization 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. Companhia Brasileira de Distribuicao has a 12 month low of $14.73 and a 12 month high of $25.90. The company has a quick ratio of 0.98, a current ratio of 1.18 and a debt-to-equity ratio of 0.26.

A number of brokerages have issued reports on CBD. Credit Suisse Group raised Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 7th. Zacks Investment Research cut Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Finally, UBS raised Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average 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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