Archer Daniels Midland Co (NYSE:ADM) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Thursday, August 22nd will be paid a dividend of 0.35 per share on Thursday, September 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, August 21st.
Archer Daniels Midland has increased its dividend payment by an average of 6.2% annually 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 $3.55 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 39.4%.
Shares of NYSE:ADM opened at $38.03 on Tuesday. The company’s 50 day moving average price is $40.07 and its two-hundred day moving average price is $41.41. Archer Daniels Midland has a 12-month low of $36.45 and a 12-month high of $52.06. The firm has a market cap of $21.08 billion, a PE ratio of 10.87 and a beta of 1.05. The company has a quick ratio of 0.89, a current ratio of 1.55 and a debt-to-equity ratio of 0.41.
A number of brokerages have issued reports on ADM. Stifel Nicolaus decreased their target price on shares of Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. Buckingham Research decreased their target price on shares of Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. ValuEngine lowered shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. BMO Capital Markets upgraded shares of Archer Daniels Midland from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $51.00 in a research report on Monday, April 29th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $48.00 price target (down previously from $54.00) on shares of Archer Daniels Midland in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.71.
In related news, CEO Juan R. Luciano acquired 5,457 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of $36.65 per share, with a total value of $199,999.05. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Ray G. Young acquired 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of $36.74 per share, with a total value of $124,916.00. The disclosure for this purchase can be found here. Company insiders own 1.11% of the company’s stock.
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. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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