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

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 3.79%. The ex-dividend date is Thursday, November 21st.

Archer-Daniels-Midland has raised its dividend by an average of 7.7% annually over the last three years and has raised its dividend annually for the last 52 consecutive years. Archer-Daniels-Midland has a payout ratio of 39.0% meaning 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 $52.71 on Tuesday. Archer-Daniels-Midland has a one year low of $48.92 and a one year high of $77.35. 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 has a 50 day simple moving average of $57.10 and a 200 day simple moving average of $59.73. The company has a market capitalization of $25.20 billion, a PE ratio of 10.58 and a beta of 0.73.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This represents a 39.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 219,348 shares of company stock worth $13,296,833. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ADM shares. UBS Group boosted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley cut their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.