AGCO Corporation (AGCO) To Go Ex-Dividend on November 16th

AGCO Corporation (NYSE:AGCO) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Monday, November 16th will be given a dividend of $0.30 per share by the industrial products company on Tuesday, December 15th. This represents a $1.20 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, November 16th.

AGCO has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 12 years. AGCO has a payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AGCO to earn $7.50 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 16.0%.

AGCO Stock Up 0.2%

Shares of NYSE AGCO opened at $106.43 on Friday. The company’s 50-day simple moving average is $114.20 and its 200-day simple moving average is $114.31. AGCO has a 52-week low of $98.22 and a 52-week high of $143.78. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO) last released its earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the prior year, the firm earned $1.35 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Equities analysts predict that AGCO will post 5.54 EPS for the current fiscal year.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment, technologies and related services. The company serves farmers, agricultural contractors and equipment dealers with products designed for planting, harvesting, crop protection, hay and forage production, and grain handling.

AGCO’s product portfolio includes tractors, combines, planters, seeding equipment, sprayers, hay and forage machinery, grain storage and handling systems, replacement parts, and precision agriculture solutions.