AGCO Corporation (AGCO) To Go Ex-Dividend on November 14th

AGCO Corporation (NYSE:AGCO) announced a quarterly dividend on Thursday, October 23rd. Investors of record on Friday, November 14th will be paid a dividend of 0.29 per share by the industrial products company on Monday, December 15th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 14th.

AGCO has raised its dividend by an average of 0.4%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. AGCO has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AGCO to earn $6.16 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 18.8%.

AGCO Trading Up 1.9%

Shares of NYSE:AGCO opened at $107.27 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 80.05, a PEG ratio of 1.73 and a beta of 1.25. The company has a 50 day moving average price of $107.94 and a 200 day moving average price of $106.41. AGCO has a 1-year low of $73.79 and a 1-year high of $121.16.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. On average, research analysts anticipate that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.