Brf S.A. (NYSE:BRFS) Increases Dividend to $0.10 Per Share

Brf S.A. (NYSE:BRFS) announced a — dividend on Thursday, November 14th,NASDAQ Dividends reports. Investors of record on Wednesday, November 27th will be paid a dividend of 0.1001 per share on Monday, December 16th. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from BRF’s previous — dividend of $0.03.

BRF Price Performance

BRFS opened at $4.36 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. BRF has a 1-year low of $2.45 and a 1-year high of $4.76. The company has a 50-day moving average of $4.35 and a 200-day moving average of $4.11. The company has a market capitalization of $4.72 billion, a P/E ratio of 10.14, a PEG ratio of 0.23 and a beta of 1.93.

Wall Street Analyst Weigh In

A number of research firms have commented on BRFS. Barclays increased their target price on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Finally, Bank of America increased their target price on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.70.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.