Adecoagro S.A. (NYSE:AGRO) Shares Will Pay Dividend of $0.12

Adecoagro S.A. (NYSE:AGRO) declared a dividend on Monday, October 26th. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.1213 per share on Thursday, November 19th. This represents a yield of 242.0%. The ex-dividend date is Thursday, November 5th.

Adecoagro has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Adecoagro to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 21.4%.

Adecoagro Stock Performance

AGRO opened at $10.01 on Tuesday. The firm has a market cap of $1.43 billion, a P/E ratio of 30.32 and a beta of -0.02. Adecoagro has a 1-year low of $6.89 and a 1-year high of $15.89. The company has a 50 day simple moving average of $10.78 and a two-hundred day simple moving average of $10.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 0.89.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Saturday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41). The firm had revenue of $538.50 million during the quarter, compared to analysts’ expectations of $602.01 million. Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%. Equities analysts forecast that Adecoagro will post 1.42 earnings per share for the current fiscal year.

Adecoagro Company Profile

Adecoagro SA is an agricultural and agroindustrial company focused on producing, processing and marketing food, agricultural commodities and renewable energy products in South America. The company operates an integrated business model that combines farming, livestock activities and industrial processing.

Adecoagro’s activities include the cultivation of grains, oilseeds, rice, sugarcane and other crops, as well as dairy production. Its processing operations produce products such as rice, sugar and ethanol, while sugarcane-based facilities also generate electricity through cogeneration.