Phibro Animal Health Corp (PAHC) to Issue Quarterly Dividend of $0.12 on December 19th

Phibro Animal Health Corp (NASDAQ:PAHC) announced a quarterly dividend on Tuesday, November 6th, Wall Street Journal reports. Stockholders of record on Wednesday, November 28th will be paid a dividend of 0.12 per share on Wednesday, December 19th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, November 27th. This is a positive change from Phibro Animal Health’s previous quarterly dividend of $0.10.

Phibro Animal Health has increased its dividend payment by an average of 26.0% per year over the last three years. Phibro Animal Health has a payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Phibro Animal Health to earn $1.77 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 27.1%.

Shares of NASDAQ:PAHC opened at $33.64 on Monday. The stock has a market capitalization of $1.36 billion, a PE ratio of 19.33, a PEG ratio of 2.88 and a beta of 0.82. The company has a current ratio of 3.26, a quick ratio of 1.82 and a debt-to-equity ratio of 1.62. Phibro Animal Health has a fifty-two week low of $32.05 and a fifty-two week high of $54.62.

Phibro Animal Health (NASDAQ:PAHC) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). Phibro Animal Health had a net margin of 7.89% and a return on equity of 38.91%. The company had revenue of $200.20 million during the quarter, compared to analyst estimates of $203.99 million. During the same quarter last year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts predict that Phibro Animal Health will post 1.72 earnings per share for the current fiscal year.

In other Phibro Animal Health news, VP Daniel M. Bendheim sold 2,500 shares of Phibro Animal Health stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $44.30, for a total transaction of $110,750.00. Following the completion of the transaction, the vice president now owns 2,500 shares in the company, valued at $110,750. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dean J. Warras sold 10,000 shares of Phibro Animal Health stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $42.84, for a total transaction of $428,400.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $428,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,020 shares of company stock valued at $1,978,371. 50.29% of the stock is currently owned by company insiders.

PAHC has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Phibro Animal Health from a “sell” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Thursday, August 30th. BidaskClub upgraded shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. ValuEngine cut shares of Phibro Animal Health from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Finally, Morgan Stanley raised their price objective on shares of Phibro Animal Health from $36.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, August 29th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.50.

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Phibro Animal Health Company Profile

Phibro Animal Health Corporation operates as a diversified animal health and mineral nutrition company primarily in the United States. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture.

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Dividend History for Phibro Animal Health (NASDAQ:PAHC)

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