Allergan plc (NYSE:AGN) Plans Quarterly Dividend of $0.74

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Allergan plc (NYSE:AGN) declared a quarterly dividend on Friday, October 25th, RTT News reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 0.74 per share on Friday, December 13th. This represents a $2.96 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, November 12th.

Shares of NYSE:AGN opened at $181.28 on Friday. Allergan has a fifty-two week low of $114.27 and a fifty-two week high of $181.45. The business has a 50-day simple moving average of $171.62 and a two-hundred day simple moving average of $155.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.91 and a current ratio of 1.67. The firm has a market cap of $58.54 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 2.11 and a beta of 1.66.

Allergan (NYSE:AGN) last issued its earnings results on Tuesday, November 5th. The company reported $4.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $4.25. Allergan had a positive return on equity of 9.08% and a negative net margin of 58.50%. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same quarter in the previous year, the firm earned $4.25 EPS. Allergan’s revenue was up 2.9% on a year-over-year basis. As a group, research analysts predict that Allergan will post 16.7 earnings per share for the current year.

A number of brokerages have weighed in on AGN. UBS Group boosted their target price on Allergan from $172.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada reissued a “hold” rating and issued a $178.00 target price on shares of Allergan in a research report on Thursday, August 8th. Sanford C. Bernstein lowered Allergan from an “outperform” rating to a “market perform” rating and set a $166.08 target price for the company. in a research report on Tuesday, July 16th. Wells Fargo & Co reissued an “outperform” rating and issued a $184.00 target price (up previously from $176.00) on shares of Allergan in a research report on Monday, September 30th. Finally, Leerink Swann lowered Allergan from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $217.00 to $188.00 in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $175.16.

About Allergan

Allergan plc, a pharmaceutical company, develops, manufactures, and commercializes branded pharmaceutical, device, biologic, surgical, and regenerative medicine products worldwide. The company operates in three segments: US Specialized Therapeutics, US General Medicine, and International. It offers a portfolio of products in various therapeutic areas, including medical aesthetics and dermatology, eye care, neuroscience, urology, gastrointestinal, women's health, and anti-infective therapeutic products.

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Dividend History for Allergan (NYSE:AGN)

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