Archer Daniels Midland Company (ADM) To Go Ex-Dividend on August 19th

Archer Daniels Midland Company (NYSE:ADM) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.52 per share on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, August 19th.

Archer Daniels Midland has raised its dividend payment by an average of 0.1%annually 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Archer Daniels Midland to earn $5.10 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 40.8%.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $77.32 on Friday. Archer Daniels Midland has a one year low of $55.58 and a one year high of $88.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.80 and a current ratio of 1.39. The business has a fifty day moving average of $80.09 and a two-hundred day moving average of $74.35. The company has a market cap of $37.27 billion, a P/E ratio of 21.18 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. The business had revenue of $22.68 billion for the quarter, compared to analysts’ expectations of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, analysts predict that Archer Daniels Midland will post 4.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays upped their target price on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday. UBS Group boosted their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. raised their price objective on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Finally, Zacks Research cut Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.67.

About Archer Daniels Midland

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.