Coca-Cola HBC AG (OTCMKTS:CCHGY - Get Free Report) announced a dividend on Saturday, May 24th, investing.com reports. Stockholders of record on Monday, June 2nd will be given a dividend of 1.1203 per share on Wednesday, July 9th. This represents a dividend yield of 2.07%. The ex-dividend date is Friday, May 30th. This is a 87.4% increase from Coca-Cola HBC's previous dividend of $0.60.
Coca-Cola HBC Trading Down 1.8%
CCHGY traded down $0.99 during trading on Thursday, hitting $54.50. 4,229 shares of the stock traded hands, compared to its average volume of 10,951. Coca-Cola HBC has a twelve month low of $32.75 and a twelve month high of $55.60. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The business has a 50 day moving average price of $49.28 and a 200 day moving average price of $41.38.
Analysts Set New Price Targets
Several brokerages recently weighed in on CCHGY. Berenberg Bank raised shares of Coca-Cola HBC to a "strong-buy" rating in a research note on Wednesday, April 2nd. Wall Street Zen cut shares of Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
View Our Latest Report on Coca-Cola HBC
About Coca-Cola HBC
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Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.
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