Bunge Global SA (NYSE:BG – Get Free Report) announced a quarterly dividend on Thursday, March 26th. Shareholders of record on Friday, May 22nd will be given a dividend of 0.72 per share by the basic materials company on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, May 22nd. This is a 2.9% increase from Bunge Global’s previous quarterly dividend of $0.70.
Bunge Global has raised its dividend payment by an average of 0.1%annually over the last three years. Bunge Global has a payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bunge Global to earn $11.58 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 24.9%.
Bunge Global Trading Down 2.1%
NYSE BG opened at $122.05 on Wednesday. The stock’s 50-day simple moving average is $124.66 and its two-hundred day simple moving average is $110.78. Bunge Global has a twelve month low of $71.60 and a twelve month high of $133.93. The company has a quick ratio of 0.69, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $23.68 billion, a price-to-earnings ratio of 28.45 and a beta of 0.64.
About Bunge Global
Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.
The company’s core business activities are organized into agribusiness and food & ingredients segments.
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