Archer-Daniels-Midland Company (ADM) to Issue Quarterly Dividend of $0.50 on December 12th

Archer-Daniels-Midland Company (NYSE:ADM) announced a quarterly dividend on Friday, November 8th,RTT News reports. Investors of record on Thursday, November 21st will be given a dividend of 0.50 per share on Thursday, December 12th. This represents a $2.00 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, November 21st.

Archer-Daniels-Midland has increased its dividend payment by an average of 7.7% per year over the last three years and has increased its dividend every year for the last 52 years. Archer-Daniels-Midland has a payout ratio of 39.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Archer-Daniels-Midland to earn $4.90 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 40.8%.

Archer-Daniels-Midland Price Performance

ADM stock opened at $52.71 on Tuesday. Archer-Daniels-Midland has a 1 year low of $48.92 and a 1 year high of $77.35. The firm has a market capitalization of $25.20 billion, a P/E ratio of 10.58 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. The business’s 50-day moving average is $57.10 and its two-hundred day moving average is $59.73.

Insider Activity

In related news, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The trade was a 39.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 219,348 shares of company stock worth $13,296,833 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group upped their target price on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Morgan Stanley cut their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus price target of $62.83.

About Archer-Daniels-Midland

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.