Archer Daniels Midland Company (ADM) to Issue Quarterly Dividend of $0.52 on December 9th

by · The Markets Daily

Archer Daniels Midland Company (NYSE:ADM – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.52 per share on Wednesday, December 9th. This represents a $2.08 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 18th.

Archer Daniels Midland has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 53 consecutive years. Archer Daniels Midland has a payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Archer Daniels Midland to earn $5.62 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 37.0%.

Archer Daniels Midland Price Performance

Shares of ADM opened at $70.38 on Friday. The business’s 50-day moving average is $81.27 and its two-hundred day moving average is $76.53. The company has a market capitalization of $33.92 billion, a P/E ratio of 13.72, a P/E/G ratio of 2.07 and a beta of 0.63. Archer Daniels Midland has a fifty-two week low of $55.58 and a fifty-two week high of $88.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.86 and a current ratio of 1.45.

Archer Daniels Midland (NYSE:ADM – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.17. Archer Daniels Midland had a return on equity of 10.84% and a net margin of 2.95%. The business had revenue of $22.34 billion during the quarter, compared to analysts’ expectations of $23.27 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Research analysts predict that Archer Daniels Midland will post 5.72 earnings per share for the current year.

Archer Daniels Midland Company Profile

(Get Free Report)

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and producers with markets worldwide by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company processes oilseeds, corn, wheat and other crops into ingredients and products used in food and beverages, animal nutrition, renewable fuels and industrial applications. Its offerings include vegetable oils, protein meals, sweeteners, starches, flour, food ingredients, animal feed ingredients and biofuels, as well as specialty ingredients developed through its nutrition businesses.

ADM operates an integrated network of agricultural facilities, processing plants, transportation assets and commercial offices serving customers across North America, South America, Europe, Asia and other international markets.

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