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

Ag Growth International Inc. (TSE:AFN) declared a quarterly dividend on Tuesday, December 31st,TickerTech Dividends reports. Shareholders 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 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, December 31st.

Ag Growth International Price Performance

Ag Growth International stock traded down C$0.10 during midday trading on Friday, reaching C$51.53. The company had a trading volume of 32,587 shares, compared to its average volume of 64,102. Ag Growth International has a 12-month low of C$45.96 and a 12-month high of C$64.51. The firm’s fifty day simple moving average is C$51.72 and its 200-day simple moving average is C$52.95. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. The company has a market capitalization 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.

Wall Street Analyst Weigh In

AFN has been the topic of several recent research reports. Royal Bank of Canada lowered their target price on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Raymond James lowered Ag Growth International from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$72.00 to C$62.00 in a research report on Friday, October 18th. Finally, CIBC lifted their price objective on 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 assigned a buy rating to the company’s stock. According to MarketBeat, Ag Growth International currently has a consensus rating of “Moderate Buy” and an average target price 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.