Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) to Issue $0.11 Dividend

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOYGet Rating) declared a dividend on Thursday, November 24th, reports. Shareholders of record on Monday, November 28th will be given a dividend of 0.1138 per share on Monday, December 5th. This represents a yield of 1.32%. The ex-dividend date is Friday, November 25th.

Grupo Bimbo Price Performance

Shares of OTCMKTS:BMBOY opened at $17.00 on Thursday. The stock’s 50-day simple moving average is $14.53 and its two-hundred day simple moving average is $13.82. Grupo Bimbo has a 52-week low of $9.92 and a 52-week high of $17.00.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut Grupo Bimbo from a “neutral” rating to an “underweight” rating in a research report on Friday, September 30th.

About Grupo Bimbo

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Grupo Bimbo, SAB. de C.V., together with its subsidiaries, produces, distributes, and sells various bakery products. The company offers sliced bread, buns and rolls, pastries, cakes, cookies, toast bread, English muffins, bagels, tortillas and flatbreads, salty snacks, and confectionery products. It provides its products under approximately 100 brands.

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