Bunge Ltd (NYSE:BG) announced a quarterly dividend on Wednesday, May 22nd, RTT News reports. Investors of record on Tuesday, August 20th will be given a dividend of 0.50 per share by the basic materials company on Tuesday, September 3rd. This represents a $2.00 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Monday, August 19th.

Bunge has raised its dividend by an average of 10.1% per year over the last three years and has raised its dividend every year for the last 17 years. Bunge has a dividend payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bunge to earn $3.48 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 57.5%.

BG opened at $54.87 on Friday. The stock has a market capitalization of $7.62 billion, a P/E ratio of 12.01 and a beta of 0.88. Bunge has a 12 month low of $47.26 and a 12 month high of $72.35. The firm’s fifty day simple moving average is $56.36 and its 200 day simple moving average is $53.80. The company has a current ratio of 1.49, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82.

Bunge (NYSE:BG) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.52 EPS for the quarter, beating the consensus estimate of $0.32 by $1.20. The business had revenue of $10.10 billion for the quarter, compared to analysts’ expectations of $12 billion. Bunge had a net margin of 1.30% and a return on equity of 11.39%. The firm’s revenue was down 16.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. On average, equities research analysts predict that Bunge will post 3.62 EPS for the current fiscal year.

In other Bunge news, Director Grain Co Continental purchased 160,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of $51.00 per share, with a total value of $8,160,000.00. Following the transaction, the director now directly owns 3,676,155 shares of the company’s stock, valued at approximately $187,483,905. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian Zachman purchased 10,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average cost of $51.28 per share, for a total transaction of $512,800.00. Following the completion of the transaction, the insider now directly owns 24,611 shares in the company, valued at $1,262,052.08. The disclosure for this purchase can be found here. Insiders purchased a total of 212,588 shares of company stock worth $10,882,275 over the last ninety days. 3.18% of the stock is currently owned by insiders.

Several equities research analysts recently commented on the stock. TheStreet raised shares of Bunge from a “c+” rating to a “b” rating in a research report on Wednesday, July 31st. ValuEngine cut shares of Bunge from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Finally, Zacks Investment Research cut shares of Bunge from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $71.50.

About Bunge

Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.

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Dividend History for Bunge (NYSE:BG)

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