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

Ag Growth International Inc. (TSE:AFN) announced a quarterly dividend on Tuesday, December 31st,TickerTech Dividends reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.15 per share on Wednesday, January 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, December 31st.

Ag Growth International Stock Performance

Shares of Ag Growth International stock traded down C$0.10 on Friday, reaching C$51.53. 32,587 shares of the stock were exchanged, compared to its average volume of 64,102. Ag Growth International has a twelve month low of C$45.96 and a twelve month high of C$64.51. The business has a 50 day moving average price of C$51.72 and a two-hundred day moving average price of C$52.95. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. The firm has a market capitalization of C$982.68 million, a price-to-earnings ratio of 33.90, a PEG ratio of 1.30 and a beta of 2.29.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AFN. CIBC upped their price objective on shares of Ag Growth International from C$70.00 to C$72.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada cut their price target on Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Finally, Raymond James cut Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$72.00 to C$62.00 in a report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$74.63.

About Ag Growth International

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.