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

Ag Growth International Inc. (TSE:AFN - Get Free Report) 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 Stock Down 0.2 %

Ag Growth International stock traded down C$0.10 during mid-day trading on Friday, hitting C$51.53. The company's stock had a trading volume of 32,587 shares, compared to its average volume of 64,102. Ag Growth International has a 52-week low of C$45.96 and a 52-week high of C$64.51. The company has a market cap of C$982.68 million, a PE ratio of 33.90, a price-to-earnings-growth 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. The firm's 50 day moving average is C$51.72 and its 200 day moving average is C$52.95.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AFN. Royal Bank of Canada reduced their price target on Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. Raymond James cut shares of Ag Growth International from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from C$72.00 to C$62.00 in a report on Friday, October 18th. Finally, CIBC boosted their price target 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 equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company 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.