Associated British Foods plc (OTCMKTS:ASBFY) Declares Dividend of $0.23

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) announced a dividend on Saturday, May 24th, investing.com reports. Stockholders of record on Monday, June 2nd will be paid a dividend of 0.2274 per share on Monday, July 21st. This represents a dividend yield of 3.62%. The ex-dividend date is Friday, May 30th.

Associated British Foods Stock Down 1.6%

Shares of Associated British Foods stock traded down $0.45 during trading on Wednesday, reaching $28.25. The company's stock had a trading volume of 9,780 shares, compared to its average volume of 53,384. Associated British Foods has a 52-week low of $22.69 and a 52-week high of $34.30. The firm's 50-day moving average is $27.31 and its two-hundred day moving average is $26.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.98.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered shares of Associated British Foods from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, May 14th.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.