Archer-Daniels-Midland Company Declares Quarterly Dividend of $0.50 (NYSE:ADM)

Archer-Daniels-Midland Company (NYSE:ADM) announced a quarterly dividend on Wednesday, August 7th, RTT News reports. Shareholders of record on Wednesday, August 21st will be given a dividend of 0.50 per share on Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, August 21st.

Archer-Daniels-Midland has raised its dividend by an average of 7.7% annually over the last three years and has increased its dividend every year for the last 52 years. Archer-Daniels-Midland has a dividend payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Archer-Daniels-Midland to earn $5.33 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 37.5%.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $59.68 on Tuesday. The stock has a market cap of $29.51 billion, a P/E ratio of 10.47 and a beta of 0.74. The firm’s 50-day simple moving average is $61.35 and its 200 day simple moving average is $59.87. Archer-Daniels-Midland has a fifty-two week low of $50.72 and a fifty-two week high of $83.00. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The company had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same period in the previous year, the company earned $1.89 EPS. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities analysts expect that Archer-Daniels-Midland will post 5.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ADM shares. Citigroup cut their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. upped their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $64.62.

Insiders Place Their Bets

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total value of $419,279.92. Following the transaction, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.