American Vanguard Co. (NYSE:AVD) Announces $0.03 Quarterly Dividend

American Vanguard Co. (NYSE:AVDGet Free Report) announced a quarterly dividend on Thursday, June 6th, NASDAQ reports. Stockholders of record on Wednesday, June 26th will be given a dividend of 0.03 per share by the basic materials company on Wednesday, July 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, June 26th.

American Vanguard has raised its dividend by an average of 44.2% per year over the last three years. American Vanguard has a dividend payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American Vanguard to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 13.8%.

American Vanguard Trading Down 1.4 %

NYSE:AVD opened at $8.67 on Tuesday. American Vanguard has a one year low of $8.41 and a one year high of $18.31. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 2.29. The stock has a market cap of $242.67 million, a price-to-earnings ratio of 33.35 and a beta of 0.95. The business’s 50-day simple moving average is $9.82 and its 200 day simple moving average is $10.67.

American Vanguard (NYSE:AVDGet Free Report) last released its earnings results on Thursday, May 9th. The basic materials company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. American Vanguard had a return on equity of 2.20% and a net margin of 1.22%. The company had revenue of $135.14 million for the quarter, compared to the consensus estimate of $141.20 million. During the same quarter last year, the business posted $0.07 EPS. As a group, sell-side analysts predict that American Vanguard will post 0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Ulrich Trogele purchased 18,200 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average price of $8.75 per share, with a total value of $159,250.00. Following the purchase, the insider now owns 209,876 shares of the company’s stock, valued at approximately $1,836,415. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other American Vanguard news, Director Steven D. Macicek purchased 8,500 shares of the stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average price of $9.01 per share, for a total transaction of $76,585.00. Following the completion of the acquisition, the director now owns 10,044 shares of the company’s stock, valued at approximately $90,496.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ulrich Trogele acquired 18,200 shares of American Vanguard stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average cost of $8.75 per share, with a total value of $159,250.00. Following the completion of the purchase, the insider now owns 209,876 shares in the company, valued at approximately $1,836,415. The disclosure for this purchase can be found here. Insiders own 10.10% of the company’s stock.

Wall Street Analyst Weigh In

AVD has been the subject of several recent research reports. StockNews.com lowered American Vanguard from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Loop Capital upped their price target on shares of American Vanguard from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Roth Mkm lifted their price objective on shares of American Vanguard from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, March 15th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

Check Out Our Latest Stock Analysis on AVD

About American Vanguard

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American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.

See Also

Dividend History for American Vanguard (NYSE:AVD)

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