Adecoagro S.A. (NYSE:AGRO) Raises Dividend to $0.18 Per Share

Adecoagro S.A. (NYSE:AGRO - Get Free Report) announced a semi-annual dividend on Friday, March 28th, Wall Street Journal reports. Investors of record on Friday, May 2nd will be given a dividend of 0.175 per share on Friday, May 16th. This represents a yield of 3%. The ex-dividend date is Friday, May 2nd. This is a 0.6% increase from Adecoagro's previous semi-annual dividend of $0.17.

Adecoagro has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Adecoagro to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 26.7%.

Adecoagro Price Performance

Adecoagro stock traded down $0.27 on Monday, reaching $11.10. The company's stock had a trading volume of 385,259 shares, compared to its average volume of 744,138. Adecoagro has a twelve month low of $8.72 and a twelve month high of $12.08. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The business's fifty day moving average price is $10.32 and its 200 day moving average price is $10.64.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Adecoagro from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.63.

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Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.