AGCO Corporation (AGCO) to Issue Quarterly Dividend of $0.14 on December 15th

AGCO Corporation (NYSE:AGCO) declared a quarterly dividend on Thursday, October 26th, Zacks reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.14 per share by the industrial products company on Friday, December 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, November 14th.

AGCO Corporation has raised its dividend payment by an average of 9.1% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. AGCO Corporation has a payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AGCO Corporation to earn $3.77 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.9%.

AGCO Corporation (NYSE:AGCO) opened at $67.97 on Monday. AGCO Corporation has a 12 month low of $51.29 and a 12 month high of $75.58. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a market cap of $5,406.97, a P/E ratio of 24.63, a P/E/G ratio of 1.71 and a beta of 0.82.

AGCO Corporation (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.07. AGCO Corporation had a net margin of 2.59% and a return on equity of 7.50%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. research analysts expect that AGCO Corporation will post 3.02 EPS for the current fiscal year.

AGCO has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $66.00 price objective on shares of AGCO Corporation and gave the company a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $73.00 price objective on shares of AGCO Corporation in a research note on Wednesday, November 1st. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 price objective (up previously from $88.00) on shares of AGCO Corporation in a research note on Thursday, September 21st. UBS AG reiterated a “neutral” rating on shares of AGCO Corporation in a research note on Friday, October 20th. Finally, TheStreet upgraded shares of AGCO Corporation from a “c+” rating to a “b+” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $69.07.

TRADEMARK VIOLATION WARNING: “AGCO Corporation (AGCO) to Issue Quarterly Dividend of $0.14 on December 15th” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at

In other AGCO Corporation news, SVP Hans Bernd Veltmaat sold 750 shares of AGCO Corporation stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $66.52, for a total transaction of $49,890.00. Following the transaction, the senior vice president now directly owns 68,552 shares in the company, valued at approximately $4,560,079.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 16.60% of the company’s stock.

About AGCO Corporation

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.

Dividend History for AGCO Corporation (NYSE:AGCO)

Receive News & Ratings for AGCO Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO Corporation and related companies with's FREE daily email newsletter.

Leave a Reply