Archer Daniels Midland Company (NYSE:ADM – Get Free Report) declared a quarterly dividend on Monday, February 2nd. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.52 per share on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 2.0% increase from Archer Daniels Midland’s previous quarterly dividend of $0.51.
Archer Daniels Midland has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 53 years. Archer Daniels Midland has a payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Archer Daniels Midland to earn $4.86 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 42.0%.
Archer Daniels Midland Stock Down 0.2%
NYSE ADM traded down $0.11 during mid-day trading on Wednesday, hitting $67.28. The company’s stock had a trading volume of 5,968,175 shares, compared to its average volume of 4,139,691. The firm has a market capitalization of $32.33 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 4.66 and a beta of 0.71. The company’s 50 day simple moving average is $61.53 and its 200 day simple moving average is $60.47. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. Archer Daniels Midland has a twelve month low of $40.98 and a twelve month high of $69.75.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and issued a $63.00 target price on shares of Archer Daniels Midland in a report on Wednesday. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $57.00 to $50.00 in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $57.00.
View Our Latest Stock Analysis on ADM
Archer Daniels Midland Company Profile
Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.
ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.
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