Adecoagro S.A. (NYSE:AGRO) Plans Dividend of $0.12

Adecoagro S.A. (NYSE:AGRO) announced a dividend on Monday, October 26th. Stockholders of record on Thursday, November 5th will be given a dividend of $0.1213 per share on Thursday, November 19th. This represents a dividend 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. 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 Down 1.1%

Shares of NYSE:AGRO opened at $10.01 on Tuesday. Adecoagro has a one year low of $6.89 and a one year high of $15.89. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 30.32 and a beta of -0.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 0.89. The company has a 50 day moving average of $10.78 and a 200-day moving average of $10.93.

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

About Adecoagro

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.