Archer Daniels Midland Company (NYSE:ADM – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.52 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 19th.
Archer Daniels Midland has raised its dividend payment by an average of 0.1%per year over the last three years and has raised 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. Equities analysts expect Archer Daniels Midland to earn $5.41 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 38.4%.
Archer Daniels Midland Stock Performance
Shares of ADM opened at $80.44 on Monday. The company has a market cap of $38.77 billion, a PE ratio of 22.04 and a beta of 0.62. The firm has a 50-day moving average of $79.78 and a 200-day moving average of $74.90. Archer Daniels Midland has a one year low of $55.58 and a one year high of $88.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86.
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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