Bunge Limited (NYSE:BG) announced a quarterly dividend on Thursday, December 7th, RTT News reports. Investors of record on Friday, February 16th will be given a dividend of 0.46 per share by the basic materials company on Friday, March 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.66%.

Bunge has raised its dividend by an average of 12.0% annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Bunge has a payout ratio of 62.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bunge to earn $4.85 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 37.9%.

Shares of Bunge (NYSE:BG) opened at $69.21 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82. The company has a market capitalization of $9,607.79, a PE ratio of 23.01, a P/E/G ratio of 1.92 and a beta of 1.05. Bunge has a 52-week low of $63.87 and a 52-week high of $83.75.

Bunge (NYSE:BG) last posted its earnings results on Wednesday, November 1st. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.04). The firm had revenue of $11.42 billion during the quarter, compared to analysts’ expectations of $11.87 billion. Bunge had a return on equity of 6.68% and a net margin of 1.06%. Bunge’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. analysts anticipate that Bunge will post 2.97 EPS for the current fiscal year.

A number of equities research analysts recently commented on the company. Citigroup downgraded Bunge from a “buy” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research report on Thursday, September 28th. Zacks Investment Research upgraded Bunge from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. TheStreet downgraded Bunge from a “b-” rating to a “c+” rating in a research report on Tuesday, October 10th. Robert W. Baird began coverage on Bunge in a research note on Monday, September 11th. They set a “neutral” rating and a $77.00 price objective on the stock. Finally, BMO Capital Markets reissued a “buy” rating and set a $87.00 price objective on shares of Bunge in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $81.86.

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Bunge Company Profile

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.

Dividend History for Bunge (NYSE:BG)

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