Adecoagro S.A. (NYSE:AGRO) Declares 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 paid a dividend of 0.174 per share on Wednesday, November 27th. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from Adecoagro’s previous Semi-Annual dividend of $0.16.

Adecoagro has a payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.1 %

NYSE:AGRO opened at $11.49 on Friday. Adecoagro has a 1 year low of $8.72 and a 1 year high of $12.51. The stock has a market cap of $1.20 billion, a P/E ratio of 5.69, a P/E/G ratio of 1.19 and a beta of 1.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 2.42. The stock has a 50-day simple moving average of $11.36 and a 200-day simple moving average of $10.51.

Adecoagro (NYSE:AGRO) last posted its 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 firm had revenue of $411.42 million for the quarter. As a group, analysts anticipate that Adecoagro will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.