Avangrid, Inc. (NYSE:AGR – Get Free Report) declared a quarterly dividend on Monday, September 30th, Wall Street Journal reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.44 per share by the utilities provider on Thursday, January 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Monday, December 2nd.
Avangrid has a dividend payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Avangrid to earn $2.40 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 73.3%.
Avangrid Stock Up 0.1 %
Shares of AGR traded up $0.03 during mid-day trading on Monday, hitting $35.79. 832,378 shares of the company traded hands, compared to its average volume of 799,594. Avangrid has a 1-year low of $27.46 and a 1-year high of $37.70. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $13.85 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 2.67 and a beta of 0.55. The business has a 50 day moving average of $35.76 and a 200 day moving average of $35.87.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Avangrid in a report on Friday. They set a “hold” rating on the stock.
View Our Latest Analysis on Avangrid
Avangrid Company Profile
Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.
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