AG Growth International Inc. Releases Q3 2024 Dividend Details
AG Growth International Inc. Declares Q3 2024 Dividend
Ag Growth International Inc. (TSX: AFN), commonly known as AGI, is excited to share that it has declared a cash dividend of $0.15 per common share for the third quarter of 2024. This dividend is set to benefit those who hold shares as of the record date, ensuring that investors can enjoy returns on their investments.
Dividend Payment Timeline
This dividend will be payable to all common shareholders on October 15, 2024. Shareholders who wish to qualify for this dividend should ensure that they are recorded on the company roster by September 27, 2024. This clear timeline allows shareholders to plan accordingly and helps enhance investor confidence in the structure of AGI's offering.
Understanding the Dividend's Impact
Receiving dividends is a significant aspect of investing, as it provides shareholders with a tangible return on their investment. AGI’s current annualized cash dividend rate stands at $0.60 per share. This consistent approach reflects the company’s commitment to providing value to its shareholders, illustrating a strong financial position and a forward-thinking outlook.
What is an Eligible Dividend?
The dividend declared by AGI is classified as an eligible dividend for Canadian income tax purposes. For shareholders, this means it may qualify for preferential tax treatment when reported on their personal tax returns. It is always advisable for shareholders to consult with a tax advisor to understand the implications this may have on their overall financial situation.
About AG Growth International Inc.
AGI is a key player in the agricultural sector, focusing on the equipment and solutions necessary for the efficient storage, transport, and processing of food products worldwide. Its robust manufacturing capabilities span across several countries, including Canada, the United States, Brazil, India, France, and Italy. This international footprint allows AGI to distribute its high-quality products globally, ensuring customers have access to essential agricultural solutions.
Commitment to Innovation and Quality
AGI’s dedication to quality and innovation sets it apart in the industry. By investing in advanced technology and maintaining high manufacturing standards, AGI is well-positioned to meet the growing demands of the global food supply chain. The company continually seeks to improve its product offerings, ensuring they are not only effective but also environmentally sustainable.
Frequently Asked Questions
What is the amount of the declared dividend for Q3 2024?
The declared dividend for Q3 2024 is $0.15 per common share.
When is the payout date for the dividend?
The dividend payout date is set for October 15, 2024.
What should shareholders know about the record date?
Shareholders must be on record by September 27, 2024, to qualify for the dividend payment.
Is the dividend eligible for tax benefits?
Yes, the dividend is classified as an eligible dividend for Canadian income tax purposes.
What does AGI specialize in?
AGI specializes in equipment and solutions for the storage, transport, and processing of food globally, with manufacturing facilities across various countries.
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