Archer-Daniels-Midland Company (NYSE:ADM) to Issue $0.50 Quarterly Dividend

Archer-Daniels-Midland Company (NYSE:ADM) announced a quarterly dividend on Friday, November 8th,RTT News reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.50 per share on Thursday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Thursday, November 21st.

Archer-Daniels-Midland has raised its dividend payment by an average of 7.7% per year over the last three years and has increased its dividend annually for the last 52 consecutive years. Archer-Daniels-Midland has a dividend payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. 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

Archer-Daniels-Midland stock opened at $52.99 on Wednesday. The firm has a market cap of $25.33 billion, a P/E ratio of 10.64 and a beta of 0.73. The stock’s 50 day moving average is $56.98 and its 200 day moving average is $59.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88. Archer-Daniels-Midland has a one year low of $48.92 and a one year high of $77.35.

Analyst Ratings Changes

A number of research firms have recently commented on ADM. UBS Group upped their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. increased their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley lowered 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. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.83.

Insider Activity

In related news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This trade represents a 39.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 219,348 shares of company stock worth $13,296,833 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.

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.