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

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

Ag Growth International Stock Performance

Shares of Ag Growth International stock traded down C$0.30 on Friday, hitting C$34.76. 158,651 shares of the company’s stock were exchanged, compared to its average volume of 113,755. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. The stock has a market capitalization of C$664.36 million, a PE ratio of 27.75, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1 year low of C$31.60 and a 1 year high of C$64.31. The company has a 50-day simple moving average of C$37.10 and a 200-day simple moving average of C$46.46.

Analysts Set New Price Targets

A number of analysts have commented on AFN shares. 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. CIBC reduced their target price on shares of Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a report on Friday, March 7th. ATB Capital lowered their price target on shares of Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada reduced their price objective on shares of Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Finally, National Bankshares lowered their target price on shares of Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Ag Growth International has a consensus rating of “Moderate Buy” and a consensus price target of C$50.25.

Insider Buying and Selling at Ag Growth International

In other news, Senior Officer Paul David Householder bought 4,000 shares of the stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost 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 the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of C$36.99 per share, with a total value of C$73,985.00. In the last ninety days, insiders have purchased 12,000 shares of company stock worth $436,101. Insiders own 1.06% of the company’s stock.

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.