Associated British Foods plc (OTCMKTS:ASBFY – Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $23.12 and last traded at $23.16, with a volume of 23838 shares trading hands. The stock had previously closed at $23.92.
Analyst Ratings Changes
Separately, Citigroup lowered shares of Associated British Foods from a “neutral” rating to a “sell” rating in a report on Thursday, January 16th.
Read Our Latest Analysis on ASBFY
Associated British Foods Stock Performance
Associated British Foods Increases Dividend
The business also recently announced a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be issued a $0.9028 dividend. This is a boost from Associated British Foods’s previous dividend of $0.21. The ex-dividend date of this dividend is Friday, December 13th.
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.
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