Phibro Animal Health Co. (NASDAQ:PAHC) to Issue $0.12 Quarterly Dividend

Phibro Animal Health Co. (NASDAQ:PAHC) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Wednesday, June 5th will be paid a dividend of 0.12 per share on Wednesday, June 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Wednesday, June 5th.

Phibro Animal Health has a payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Phibro Animal Health to earn $1.21 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 39.7%.

Phibro Animal Health Price Performance

Phibro Animal Health stock traded up $0.19 during mid-day trading on Thursday, reaching $17.37. The company had a trading volume of 56,595 shares, compared to its average volume of 151,037. Phibro Animal Health has a 1 year low of $9.40 and a 1 year high of $17.46. The company has a debt-to-equity ratio of 1.66, a current ratio of 3.12 and a quick ratio of 1.60. The company has a market capitalization of $703.54 million, a P/E ratio of 46.92, a P/E/G ratio of 6.30 and a beta of 0.63. The stock’s 50-day simple moving average is $13.48 and its 200-day simple moving average is $12.03.

Phibro Animal Health (NASDAQ:PAHC) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The business had revenue of $249.90 million for the quarter, compared to analyst estimates of $242.91 million. Phibro Animal Health had a net margin of 1.51% and a return on equity of 16.67%. On average, equities analysts predict that Phibro Animal Health will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th.

About Phibro Animal Health

Phibro Animal Health Corporation operates as an animal health and mineral nutrition company in the United States, Israel, Brazil, Ireland, and internationally. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets various products for food and companion animals including poultry, swine, beef and dairy cattle, aquaculture, and dogs.