Archer Daniels Midland Company (NYSE:ADM – Get Free Report) declared a quarterly dividend on Tuesday, February 3rd. Investors of record on Tuesday, February 17th will be given a dividend of 0.52 per share on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, February 17th. This is a 2.0% increase from Archer Daniels Midland’s previous quarterly dividend of $0.51.
Archer Daniels Midland has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 53 years. Archer Daniels Midland has a payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Archer Daniels Midland to earn $4.86 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 42.0%.
Archer Daniels Midland Stock Performance
Shares of ADM traded down $0.67 during midday trading on Tuesday, hitting $67.41. 7,404,168 shares of the stock traded hands, compared to its average volume of 4,060,576. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.37. Archer Daniels Midland has a 1-year low of $40.98 and a 1-year high of $69.75. The business’s 50 day moving average price is $61.38 and its two-hundred day moving average price is $60.38. The firm has a market capitalization of $32.40 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 4.61 and a beta of 0.70.
About Archer Daniels Midland
Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.
ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.
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