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

Ag Growth International Inc. (TSE:AFN - Get Free Report) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.15 per share on Tuesday, April 15th. This represents a $0.60 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, March 31st.

Ag Growth International Trading Down 0.8 %

Shares of AFN stock traded down C$0.27 on Wednesday, hitting C$34.73. The stock had a trading volume of 149,516 shares, compared to its average volume of 113,268. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. Ag Growth International has a twelve month low of C$31.60 and a twelve month high of C$64.31. The company has a fifty day moving average price of C$36.85 and a two-hundred day moving average price of C$46.10. The firm has a market cap of C$663.78 million, a P/E ratio of 27.73, a PEG ratio of 1.30 and a beta of 2.29.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AFN shares. Raymond James upgraded Ag Growth International from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from C$52.00 to C$47.00 in a report on Friday, March 7th. CIBC dropped their target price on Ag Growth International from C$56.00 to C$48.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. TD Securities reduced their price target on Ag Growth International from C$48.00 to C$46.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Atb Cap Markets cut shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Desjardins cut their price objective on shares of Ag Growth International from C$57.00 to C$49.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$50.25.

Insider Activity at Ag Growth International

In other Ag Growth International news, Senior Officer Paul David Householder acquired 4,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were purchased at an average price of C$36.01 per share, for a total transaction of C$144,040.00. Also, Director Anne De Greef-Safft bought 2,000 shares of Ag Growth International stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of C$36.99 per share, with a total value of C$73,985.00. Over the last three months, insiders bought 12,000 shares of company stock valued at $436,101. 1.06% of the stock is owned by corporate insiders.

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.