Archer Daniels Midland Company (ADM) to Issue Quarterly Dividend of $0.51 on December 11th

Archer Daniels Midland Company (NYSE:ADM) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Wednesday, November 19th will be paid a dividend of 0.51 per share on Thursday, December 11th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, November 19th.

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 payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.4%

Shares of Archer Daniels Midland stock opened at $58.62 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The firm has a market cap of $28.17 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70. Archer Daniels Midland has a 52-week low of $40.98 and a 52-week high of $65.00. The company’s 50-day simple moving average is $60.75 and its 200-day simple moving average is $56.35.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $20.37 billion for the quarter, compared to analysts’ expectations of $20.96 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, equities research analysts anticipate that Archer Daniels Midland will post 4.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADM. Charles Schwab Investment Management Inc. grew its holdings in shares of Archer Daniels Midland by 350.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company’s stock worth $838,030,000 after buying an additional 13,579,379 shares in the last quarter. Dodge & Cox boosted its holdings in shares of Archer Daniels Midland by 130.1% during the third quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock worth $900,195,000 after purchasing an additional 8,518,920 shares during the last quarter. Norges Bank purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at $340,247,000. Pacer Advisors Inc. increased its stake in Archer Daniels Midland by 8,609.3% in the third quarter. Pacer Advisors Inc. now owns 4,405,427 shares of the company’s stock valued at $263,180,000 after purchasing an additional 4,354,844 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Archer Daniels Midland by 17.9% during the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock worth $1,197,568,000 after buying an additional 3,791,597 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Company Profile

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.