Bunge Global SA (BG) to Distribute Quarterly Dividend of $0.72 on December 1st

Bunge Global SA (NYSE:BG) announced a quarterly dividend on Thursday, March 26th. Investors of record on Tuesday, November 17th will be paid a dividend of $0.72 per share by the basic materials company on Tuesday, December 1st. This represents a $2.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, November 17th.

Bunge Global has increased its dividend by an average of 0.1% per year over the last three years. Bunge Global has a payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bunge Global to earn $11.48 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 25.1%.

Bunge Global Price Performance

Shares of NYSE:BG traded up $1.65 during midday trading on Friday, hitting $101.63. The stock had a trading volume of 987,711 shares, compared to its average volume of 1,753,681. The company’s 50-day moving average price is $107.24 and its 200-day moving average price is $116.38. The company has a market capitalization of $19.53 billion, a P/E ratio of 17.08 and a beta of 0.70. The company has a quick ratio of 0.65, a current ratio of 1.50 and a debt-to-equity ratio of 0.50. Bunge Global has a fifty-two week low of $88.24 and a fifty-two week high of $134.87.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Thursday, October 29th. The basic materials company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.15. Bunge Global had a return on equity of 9.34% and a net margin of 1.24%. The business had revenue of $23.80 billion for the quarter, compared to analyst estimates of $23.28 billion. During the same quarter in the previous year, the company posted $2.27 EPS. Bunge Global’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Bunge Global will post 9.63 EPS for the current fiscal year.

About Bunge Global

Bunge Global is an agribusiness and food company that connects farmers with customers around the world. Its activities include sourcing, storing, transporting and processing agricultural commodities, particularly oilseeds and grains. The company produces vegetable oils, protein meals, specialty fats and other ingredients used in food, animal feed and renewable fuel markets. It also provides grain and oilseed merchandising and related supply-chain services. Founded in 1818, Bunge expanded from its European origins into a global business.