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

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 given a dividend of 0.50 per share on Thursday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Thursday, November 21st.

Archer-Daniels-Midland has raised its dividend by an average of 7.7% per year 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 37.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Archer-Daniels-Midland to earn $5.03 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 39.8%.

Archer-Daniels-Midland Price Performance

ADM stock opened at $52.15 on Friday. Archer-Daniels-Midland has a 52-week low of $48.92 and a 52-week high of $77.35. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The stock has a market cap of $24.94 billion, a price-to-earnings ratio of 10.47 and a beta of 0.73. The business has a fifty day moving average of $58.06 and a two-hundred day moving average of $60.06.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised 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. Citigroup dropped 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 research report on Monday, July 15th. Finally, UBS Group upped their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $63.82.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock valued at $13,296,833 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Company Profile

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.