Archer Daniels Midland Co (ADM) to Issue Quarterly Dividend of $0.35 on March 12th

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Archer Daniels Midland Co (NYSE:ADM) declared a quarterly dividend on Tuesday, February 5th, RTT News reports. Shareholders of record on Tuesday, February 19th will be given a dividend of 0.35 per share on Tuesday, March 12th. This represents a $1.40 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, February 15th. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.34.

Archer Daniels Midland has increased its dividend by an average of 6.2% per year over the last three years and has increased its dividend every year for the last 43 years. Archer Daniels Midland has a dividend payout ratio of 40.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Archer Daniels Midland to earn $3.70 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 37.8%.

NYSE ADM opened at $41.76 on Friday. Archer Daniels Midland has a 52 week low of $39.16 and a 52 week high of $52.06. The company has a quick ratio of 0.94, a current ratio of 87.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $23.41 billion, a price-to-earnings ratio of 11.93 and a beta of 0.98.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 5th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.04). Archer Daniels Midland had a return on equity of 10.51% and a net margin of 2.81%. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $16.83 billion. During the same quarter last year, the company posted $0.82 EPS. Archer Daniels Midland’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts expect that Archer Daniels Midland will post 3.54 earnings per share for the current year.

In related news, Director Donald E. Felsinger acquired 60,000 shares of the firm’s stock in a transaction dated Thursday, February 7th. The stock was acquired at an average cost of $41.80 per share, for a total transaction of $2,508,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.94% of the company’s stock.

ADM has been the subject of several recent analyst reports. Stifel Nicolaus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $41.40 target price for the company in a research report on Friday. Zacks Investment Research cut shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a research report on Friday. Credit Suisse Group set a $46.00 target price on shares of Archer Daniels Midland and gave the stock a “neutral” rating in a research report on Wednesday, January 23rd. Finally, Argus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Thursday, November 8th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $49.67.

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About Archer Daniels Midland

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

Further Reading: Compound Annual Growth Rate (CAGR)

Dividend History for Archer Daniels Midland (NYSE:ADM)

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