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

Phibro Animal Health Co. (NASDAQ:PAHC - Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Wednesday, June 5th will be given a dividend of 0.12 per share on Wednesday, June 26th. This represents a $0.48 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend 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 Stock Performance

Shares of PAHC traded up $0.52 during mid-day trading on Thursday, reaching $17.70. 119,663 shares of the company's stock were exchanged, compared to its average volume of 151,841. The business's fifty day simple moving average is $13.48 and its 200-day simple moving average is $12.03. Phibro Animal Health has a 52-week low of $9.40 and a 52-week high of $17.75. The stock has a market capitalization of $716.90 million, a PE ratio of 46.92, a price-to-earnings-growth ratio of 6.30 and a beta of 0.63. The company has a debt-to-equity ratio of 1.66, a current ratio of 3.12 and a quick ratio of 1.60.

Phibro Animal Health (NASDAQ:PAHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.06. Phibro Animal Health had a net margin of 1.51% and a return on equity of 16.67%. The company had revenue of $249.90 million for the quarter, compared to analyst estimates of $242.91 million. On average, equities research analysts expect that Phibro Animal Health will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Phibro Animal Health from a "hold" rating to a "buy" rating in a report on Tuesday, April 9th.

Phibro Animal Health Company Profile

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.