American Vanguard Corporation (AVD) to Issue Quarterly Dividend of $0.02
American Vanguard Corporation (NYSE:AVD) declared a quarterly dividend on Tuesday, September 19th, Wall Street Journal reports. Stockholders of record on Thursday, October 5th will be paid a dividend of 0.015 per share by the basic materials company on Thursday, October 19th. This represents a $0.06 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Wednesday, October 4th.
American Vanguard Corporation has decreased its dividend payment by an average of 51.0% per year over the last three years. American Vanguard Corporation has a payout ratio of 9.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American Vanguard Corporation to earn $0.79 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 7.6%.
Shares of American Vanguard Corporation (AVD) traded up 1.65% on Tuesday, hitting $21.60. The stock had a trading volume of 150,561 shares. American Vanguard Corporation has a 52-week low of $14.20 and a 52-week high of $21.90. The company has a 50-day moving average of $20.11 and a 200-day moving average of $17.84. The company has a market cap of $643.31 million, a P/E ratio of 44.08 and a beta of 1.29.
American Vanguard Corporation (NYSE:AVD) last announced its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $77.90 million during the quarter, compared to analyst estimates of $77.71 million. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. American Vanguard Corporation’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, equities analysts anticipate that American Vanguard Corporation will post $0.63 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on AVD shares. BidaskClub downgraded American Vanguard Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Roth Capital set a $22.00 price target on American Vanguard Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded American Vanguard Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.67.
In related news, insider David` T. Johnson sold 6,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $19.00, for a total value of $114,000.00. Following the transaction, the insider now directly owns 35,040 shares of the company’s stock, valued at approximately $665,760. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.70% of the stock is owned by corporate insiders.
American Vanguard Corporation Company Profile
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.
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