American Vanguard Corp. (NYSE:AVD) announced a quarterly dividend on Tuesday, March 13th, NASDAQ reports. Shareholders of record on Friday, March 30th will be paid a dividend of 0.02 per share by the basic materials company on Friday, April 13th. This represents a $0.08 annualized dividend and a yield of 0.38%. The ex-dividend date is Wednesday, March 28th. This is an increase from American Vanguard’s previous quarterly dividend of $0.02.

American Vanguard has decreased its dividend payment by an average of 35.0% per year over the last three years. American Vanguard has a payout ratio of 9.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American Vanguard to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 6.2%.

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Shares of American Vanguard (NYSE:AVD) traded down $0.40 during midday trading on Friday, reaching $21.00. 117,514 shares of the company’s stock traded hands, compared to its average volume of 116,780. The company has a current ratio of 2.02, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $658.46, a P/E ratio of 30.87, a P/E/G ratio of 1.78 and a beta of 1.23. American Vanguard has a twelve month low of $15.20 and a twelve month high of $24.00.

American Vanguard (NYSE:AVD) last announced its quarterly earnings data on Monday, March 12th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $116.50 million during the quarter, compared to the consensus estimate of $110.06 million. American Vanguard had a net margin of 5.70% and a return on equity of 5.74%. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. research analysts predict that American Vanguard will post 0.83 earnings per share for the current fiscal year.

AVD has been the subject of several analyst reports. Zacks Investment Research downgraded shares of American Vanguard from a “hold” rating to a “sell” rating in a research note on Tuesday. Roth Capital reissued a “buy” rating on shares of American Vanguard in a research note on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.33.

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About American Vanguard

American Vanguard Corporation operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC C.V.

Dividend History for American Vanguard (NYSE:AVD)

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