Ag Growth International Inc. (TSE:AFN) to Issue $0.15 Quarterly Dividend

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

Ag Growth International Trading Down 0.2 %

TSE AFN traded down C$0.10 during mid-day trading on Friday, reaching C$51.53. 32,587 shares of the stock were exchanged, compared to its average volume of 64,102. The stock has a market cap of C$982.68 million, a P/E ratio of 33.90, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. Ag Growth International has a one year low of C$45.96 and a one year high of C$64.51. The stock has a 50 day simple moving average of C$51.72 and a 200-day simple moving average of C$52.95.

Wall Street Analysts Forecast Growth

AFN has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price objective on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. CIBC boosted their price target on Ag Growth International from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Raymond James downgraded shares of Ag Growth International from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$72.00 to C$62.00 in a research report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$74.63.

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.