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

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 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, December 31st.

Ag Growth International Price Performance

Shares of AFN stock opened at C$51.53 on Friday. Ag Growth International has a 1 year low of C$45.96 and a 1 year high of C$64.51. The firm’s 50 day moving average is C$51.72 and its 200-day moving average is C$52.95. 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. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AFN shares. Royal Bank of Canada reduced their target price on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Raymond James lowered shares of Ag Growth International from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$72.00 to C$62.00 in a research report on Friday, October 18th. Finally, CIBC upped their target price on shares of Ag Growth International from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.