Central Puerto S.A. (NYSE:CEPU) to Issue — Dividend of $0.40

Central Puerto S.A. (NYSE:CEPU) announced a — dividend on Tuesday, December 10th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.3954 per share on Friday, December 13th. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 29th. This is a boost from Central Puerto’s previous — dividend of $0.07.

Central Puerto Stock Performance

NYSE CEPU traded down $0.21 on Tuesday, hitting $14.18. 188,807 shares of the stock traded hands, compared to its average volume of 327,971. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13. The business’s fifty day moving average is $11.90 and its two-hundred day moving average is $10.12. Central Puerto has a 12 month low of $7.07 and a 12 month high of $14.90. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 5.64 and a beta of 1.23.

Central Puerto (NYSE:CEPU) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.19). Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $200.26 million. As a group, equities analysts anticipate that Central Puerto will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America lifted their target price on shares of Central Puerto from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th.

About Central Puerto

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.