Archer-Daniels-Midland Company to Issue Quarterly Dividend of $0.50 (NYSE:ADM)

Archer-Daniels-Midland Company (NYSE:ADM) declared a quarterly dividend on Friday, November 8th,RTT News reports. Investors of record on Thursday, November 21st will be given a dividend of 0.50 per share on Thursday, December 12th. This represents a $2.00 annualized dividend and a yield of 3.84%.

Archer-Daniels-Midland has increased its dividend payment by an average of 7.7% annually over the last three years and has raised its dividend every year for the last 52 years. Archer-Daniels-Midland has a dividend payout ratio of 37.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Archer-Daniels-Midland to earn $5.03 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 39.8%.

Archer-Daniels-Midland Trading Down 0.8 %

Shares of Archer-Daniels-Midland stock traded down $0.44 on Friday, hitting $52.05. 590,083 shares of the company’s stock traded hands, compared to its average volume of 4,258,627. Archer-Daniels-Midland has a one year low of $48.92 and a one year high of $77.35. The stock has a market capitalization of $24.89 billion, a PE ratio of 10.54 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The firm’s 50-day moving average price is $58.40 and its two-hundred day moving average price is $60.19.

Analysts Set New Price Targets

A number of research firms have recently commented on ADM. UBS Group increased their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lifted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Citigroup decreased their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.82.

Insiders Place Their Bets

In other news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 in the last quarter. Insiders own 1.20% of the company’s stock.

About Archer-Daniels-Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.