AGCO Corporation (NYSE:AGCO) Plans Quarterly Dividend of $ 0.16

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AGCO Corporation (NYSE:AGCO) declared quarterly dividend of $ 0.16 per share, or $ 0.64 annualized.

The dividend will be payable on September 15, 2020, to stockholders of record on August 14, 2020, with an ex-dividend date of August 13, 2020.

Dividends History
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Recent Earnings Announcement

AGCO Corporation outlined income for the first quarter of $ 0.86 per share, from the revenue of $ 1,928.00 million. The quarterly revenues fell 3.40 percent compared with the same quarter last year. The consensus estimates are income of $ 0.42 per share from $ 1858.67 million in revenue. The bottom line results beat street analysts by $ 0.44 or 104.76 percent, at the same time, top line results topped analysts by $ 69.33 million or 3.73 percent.

Stock Performance

According to the previous trading day, closing price of AGCO was $ 54.37, representing a 53.89 % increase from the 52 week low of $ 35.33 and a 33.2 % decrease over the 52 week high of $ 81.39.

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The company has a market capital of $ 4.02 billion and is part of the Industrial Goods sector and Farm & Construction Machinery industry.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses. It also offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, including self-propelled, three- and four-wheeled vehicles and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground.