Archer Daniels Midland Company (NYSE:ADM) Announces Quarterly Dividend of $0.52

Archer Daniels Midland Company (NYSE:ADM – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.52 per share on Wednesday, December 9th. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 18th.

Archer Daniels Midland has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 53 consecutive years. Archer Daniels Midland has a dividend payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Archer Daniels Midland to earn $5.62 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 37.0%.

Archer Daniels Midland Stock Performance

Archer Daniels Midland stock opened at $70.99 on Thursday. Archer Daniels Midland has a fifty-two week low of $55.58 and a fifty-two week high of $88.75. The firm’s 50 day simple moving average is $81.46 and its 200-day simple moving average is $76.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 9.03 and a quick ratio of 0.86. The company has a market cap of $34.22 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63.

Archer Daniels Midland (NYSE:ADM – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.60 by $0.17. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. The business had revenue of $22.34 billion during the quarter, compared to the consensus estimate of $23.27 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts predict that Archer Daniels Midland will post 5.54 EPS for the current year.

Archer Daniels Midland News Roundup

Here are the key news stories impacting Archer Daniels Midland this week:

About Archer Daniels Midland

(Get Free Report)

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and producers with markets worldwide by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company processes oilseeds, corn, wheat and other crops into ingredients and products used in food and beverages, animal nutrition, renewable fuels and industrial applications. Its offerings include vegetable oils, protein meals, sweeteners, starches, flour, food ingredients, animal feed ingredients and biofuels, as well as specialty ingredients developed through its nutrition businesses.

ADM operates an integrated network of agricultural facilities, processing plants, transportation assets and commercial offices serving customers across North America, South America, Europe, Asia and other international markets.

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Dividend History for Archer Daniels Midland (NYSE:ADM)

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