Adecoagro S.A. Plans Dividend of $0.17 (NYSE:AGRO)

Adecoagro S.A. (NYSE:AGRO) declared a dividend on Thursday, October 23rd. Shareholders of record on Monday, November 3rd will be paid a dividend of 0.1749 per share on Wednesday, November 19th. This represents a yield of 443.0%. The ex-dividend date of this dividend is Monday, November 3rd.

Adecoagro has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of Adecoagro stock opened at $7.90 on Friday. The company has a market capitalization of $789.42 million, a PE ratio of 22.56 and a beta of 0.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.95 and a current ratio of 1.90. The company has a 50-day simple moving average of $8.09 and a two-hundred day simple moving average of $9.04. Adecoagro has a one year low of $7.42 and a one year high of $11.86.

Adecoagro (NYSE:AGRO) last announced its earnings results on Monday, August 18th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.40). The firm had revenue of $405.66 million during the quarter, compared to the consensus estimate of $402.00 million. Adecoagro had a return on equity of 3.24% and a net margin of 2.30%. Research analysts expect that Adecoagro will post 1.24 EPS for the current fiscal year.

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.