American Vanguard Co. (NYSE:AVD) Declares $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 paid 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 1.37%. The ex-dividend date of this dividend is Wednesday, June 26th.

American Vanguard has raised its dividend payment by an average of 44.2% annually over the last three years. American Vanguard has a payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. 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 Up 1.9 %

Shares of NYSE:AVD opened at $8.79 on Monday. American Vanguard has a 12-month low of $8.41 and a 12-month high of $18.31. The stock has a market cap of $246.03 million, a PE ratio of 33.81 and a beta of 0.95. The business has a 50 day moving average of $9.88 and a 200-day moving average of $10.68. The company has a quick ratio of 1.12, a current ratio of 2.29 and a debt-to-equity ratio of 0.50.

American Vanguard (NYSE:AVDGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.09 earnings per share (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 during the quarter, compared to analysts’ expectations of $141.20 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. As a group, equities research analysts forecast that American Vanguard will post 0.44 earnings per share for the current year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

AVD has been the subject of several recent research reports. Roth Mkm boosted their price target on American Vanguard from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Loop Capital boosted their price target on American Vanguard from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, StockNews.com cut American Vanguard from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.00.

View Our Latest Report on American Vanguard

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.

Further Reading

Dividend History for American Vanguard (NYSE:AVD)

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