Adecoagro S.A. (NYSE:AGRO) Plans Dividend Increase – $0.18 Per Share

Adecoagro S.A. (NYSE:AGRO) announced a semi-annual dividend on Friday, March 28th, Wall Street Journal reports. Investors of record on Friday, May 2nd will be given a dividend of 0.175 per share on Friday, May 16th. This represents a yield of 3%. The ex-dividend date is Friday, May 2nd. This is a 0.6% increase from Adecoagro’s previous semi-annual dividend of $0.17.

Adecoagro has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.2 %

Shares of NYSE AGRO traded down $0.03 during midday trading on Friday, reaching $11.38. 971,601 shares of the company’s stock traded hands, compared to its average volume of 745,312. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 1.43 and a beta of 0.98. Adecoagro has a one year low of $8.72 and a one year high of $12.08. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $10.32 and its 200-day simple moving average is $10.64.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock 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.