Ag Growth International Inc. (TSE:AFN) Announces Quarterly Dividend of $0.15

Ag Growth International Inc. (TSE:AFN) announced a quarterly dividend on Tuesday, September 17th, Zacks reports. Stockholders 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 dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, September 27th.

Ag Growth International Stock Down 0.4 %

Shares of TSE:AFN opened at C$53.83 on Thursday. Ag Growth International has a fifty-two week low of C$45.96 and a fifty-two week high of C$64.51. The firm’s 50 day moving average price is C$54.54 and its 200 day moving average price is C$54.86. 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 stock has a market cap of C$1.03 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 1.30 and a beta of 2.31.

Ag Growth International (TSE:AFN) last issued its earnings results on Wednesday, August 7th. The company reported C$1.42 EPS for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.25). The firm had revenue of C$351.78 million for the quarter, compared to analyst estimates of C$397.51 million. Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. As a group, equities research analysts predict that Ag Growth International will post 6.6608696 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TD Securities dropped their price target on shares of 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 research analysts have rated the stock with a buy rating, According to MarketBeat, Ag Growth International currently has an average rating of “Buy” and an average price target of C$77.56.

Ag Growth International Company Profile

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.