Afya Limited (NASDAQ:AFYA) Plans -- Dividend of $0.23

Afya Limited (NASDAQ:AFYA - Get Free Report) declared a -- dividend on Thursday, March 13th, NASDAQ Dividends reports. Shareholders of record on Wednesday, March 26th will be given a dividend of 0.232 per share on Friday, April 4th. The ex-dividend date is Wednesday, March 26th.

Afya has a dividend payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Afya to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 12.0%.

Afya Stock Performance

Shares of NASDAQ AFYA traded down $0.13 during mid-day trading on Friday, reaching $17.87. 83,363 shares of the company's stock were exchanged, compared to its average volume of 122,905. The firm has a 50-day moving average price of $16.97 and a two-hundred day moving average price of $16.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 0.29 and a beta of 0.82. Afya has a 52 week low of $14.52 and a 52 week high of $20.06.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AFYA. Citigroup reissued a "sell" rating and set a $15.00 target price (down from $18.00) on shares of Afya in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Afya from $25.00 to $20.50 and set a "neutral" rating for the company in a research report on Friday, January 17th. Morgan Stanley cut Afya from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $19.00 to $17.00 in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group initiated coverage on Afya in a report on Tuesday, December 3rd. They issued a "sell" rating and a $16.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $17.60.

About Afya

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company operates through three segments: Undergrad, Continuing Education, and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its distribution network, as well as to third-party medical schools.