Ag Growth International Inc. (AFN) to Issue Quarterly Dividend of $0.15 on October 15th

Posted by Elija Maina on Sep 25th, 2024

Ag Growth International Inc. (TSE:AFN – Get Free Report) declared a quarterly dividend on Tuesday, September 17th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.15 per share on Tuesday, October 15th. This represents a $0.60 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, September 27th.

Ag Growth International Trading Up 1.0 %

Shares of Ag Growth International stock opened at C$54.04 on Wednesday. The company’s 50-day moving average price is C$54.56 and its 200-day moving average price is C$54.87. The company has a market cap of C$1.03 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 1.30 and a beta of 2.31. Ag Growth International has a 12-month low of C$45.96 and a 12-month high of C$64.51. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35.

Ag Growth International (TSE:AFN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 EPS for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The firm had revenue of C$351.78 million during the quarter, compared to the consensus estimate of C$397.51 million. Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. On average, equities analysts expect that Ag Growth International will post 6.6608696 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TD Securities decreased their target price on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$77.56.

Check Out Our Latest Research Report on AFN

About Ag Growth International

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Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.