AGCO Corporation (NYSE:AGCO) Shareholders to Receive $0.30 Quarterly Dividend

AGCO Corporation (NYSE:AGCO) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Monday, November 16th will be paid 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 of this dividend is Monday, November 16th.

AGCO has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 12 years. AGCO has a dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AGCO to earn $7.54 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 15.9%.

AGCO Stock Up 1.0%

Shares of NYSE AGCO opened at $106.24 on Friday. AGCO has a 12-month low of $98.22 and a 12-month high of $143.78. The company has a market cap of $7.44 billion, a P/E ratio of 14.69, a P/E/G ratio of 0.79 and a beta of 1.08. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $114.10 and a 200 day moving average price of $114.37.

AGCO (NYSE:AGCO) last issued its quarterly earnings data 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). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Research analysts anticipate that AGCO will post 5.55 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.