American Vanguard Corp. (NYSE:AVD) announced a quarterly dividend on Thursday, December 7th, NASDAQ reports. Shareholders of record on Wednesday, December 27th will be paid a dividend of 0.015 per share by the basic materials company on Wednesday, January 10th. This represents a $0.06 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Tuesday, December 26th.

American Vanguard has decreased its dividend payment by an average of 51.0% annually over the last three years. American Vanguard has a payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American Vanguard to earn $0.81 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 7.4%.

Shares of American Vanguard (NYSE AVD) opened at $19.35 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The company has a market cap of $576.53, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 2.13 and a beta of 1.23. American Vanguard has a 1 year low of $14.65 and a 1 year high of $24.00.

American Vanguard (NYSE:AVD) last posted its earnings results on Thursday, November 2nd. The basic materials company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). American Vanguard had a return on equity of 5.44% and a net margin of 4.83%. The business had revenue of $90.00 million during the quarter, compared to analyst estimates of $89.17 million. During the same quarter in the prior year, the company earned $0.10 EPS. The company’s revenue was up 9.2% on a year-over-year basis. equities research analysts expect that American Vanguard will post 0.59 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on AVD shares. Zacks Investment Research lowered shares of American Vanguard from a “buy” rating to a “sell” rating in a report on Monday, November 6th. Roth Capital set a $28.00 target price on shares of American Vanguard and gave the stock a “buy” rating in a report on Sunday, October 1st. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $23.00 target price on shares of American Vanguard in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.33.

In other news, insider David` T. Johnson sold 6,611 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $18.87, for a total transaction of $124,749.57. Following the completion of the transaction, the insider now directly owns 28,429 shares of the company’s stock, valued at approximately $536,455.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy Donnelly sold 4,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $19.36, for a total transaction of $77,440.00. Following the transaction, the insider now directly owns 37,564 shares of the company’s stock, valued at $727,239.04. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.

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American Vanguard 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.

Dividend History for American Vanguard (NYSE:AVD)

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