Phibro Animal Health Corp (NASDAQ:PAHC) announced a quarterly dividend on Monday, July 27th, Zacks reports. Stockholders of record on Wednesday, September 2nd will be given a dividend of 0.12 per share on Wednesday, September 23rd. This represents a $0.48 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Tuesday, September 1st.
Phibro Animal Health has raised its dividend by an average of 20.0% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Phibro Animal Health has a dividend payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Phibro Animal Health to earn $1.19 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 40.3%.
Shares of PAHC stock traded up $0.27 on Wednesday, reaching $24.01. 35,900 shares of the company were exchanged, compared to its average volume of 80,140. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.62 and a current ratio of 2.72. The business has a 50-day moving average price of $25.43 and a 200 day moving average price of $24.71. Phibro Animal Health has a 1 year low of $16.87 and a 1 year high of $33.97. The company has a market cap of $971.33 million, a price-to-earnings ratio of 26.67, a P/E/G ratio of 14.26 and a beta of 0.49.
PAHC has been the topic of a number of research analyst reports. Credit Suisse Group lowered their price target on Phibro Animal Health from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. G.Research raised Phibro Animal Health from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Finally, BidaskClub lowered shares of Phibro Animal Health from a “hold” rating to a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.80.
About Phibro Animal Health
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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