Adecoagro S.A. (NYSE:AGRO) to Issue Dividend Increase – $0.17 Per Share

Adecoagro S.A. (NYSE:AGRO) declared a Semi-Annual dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.174 per share on Wednesday, November 27th. This represents a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Adecoagro’s previous Semi-Annual dividend of $0.16.

Adecoagro has a payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Adecoagro to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 21.8%.

Adecoagro Stock Performance

Shares of AGRO stock opened at $11.49 on Friday. Adecoagro has a 52-week low of $8.72 and a 52-week high of $12.51. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.20 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 1.19 and a beta of 1.08. The business has a 50-day simple moving average of $11.36 and a 200-day simple moving average of $10.51.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Monday, August 12th. The company reported $1.03 EPS for the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. The company had revenue of $411.42 million for the quarter. On average, equities analysts expect that Adecoagro will post 1.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Bank of America reduced their target price on Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a report on Monday, September 9th. UBS Group initiated coverage on Adecoagro in a research note on Monday, October 14th. They issued a “neutral” rating and a $12.00 price objective for the company. Morgan Stanley cut shares of Adecoagro from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $14.50 to $12.50 in a research note on Tuesday, September 17th. Finally, StockNews.com cut shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Adecoagro presently has an average rating of “Hold” and an average target price of $12.63.

About Adecoagro

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.