Archer Daniels Midland Company (NYSE:ADM – Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, May 20th will be paid a dividend of 0.52 per share on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, May 20th.
Archer Daniels Midland has raised its dividend payment by an average of 0.1%per year 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 45.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Archer Daniels Midland to earn $4.75 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 43.8%.
Archer Daniels Midland Stock Performance
NYSE:ADM traded down $0.08 during mid-day trading on Thursday, hitting $77.94. 425,913 shares of the company’s stock traded hands, compared to its average volume of 3,926,685. The firm has a 50 day moving average of $70.53 and a two-hundred day moving average of $64.99. Archer Daniels Midland has a 12 month low of $46.81 and a 12 month high of $81.75. The firm has a market capitalization of $37.56 billion, a price-to-earnings ratio of 35.03 and a beta of 0.59. The company has a current ratio of 5.81, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33.
Archer Daniels Midland Company Profile
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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