Archer Daniels Midland Company (NYSE:ADM) Shareholders to Receive $0.52 Quarterly Dividend

Archer Daniels Midland Company (NYSE:ADM) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.52 per share on Wednesday, December 9th. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 18th.

Archer Daniels Midland has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 53 years. Archer Daniels Midland has a dividend payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Archer Daniels Midland to earn $5.62 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 37.0%.

Archer Daniels Midland Stock Up 0.6%

ADM stock opened at $70.99 on Thursday. The company has a market cap of $34.22 billion, a P/E ratio of 13.60, a P/E/G ratio of 2.12 and a beta of 0.63. Archer Daniels Midland has a 52 week low of $55.58 and a 52 week high of $88.75. The company’s 50-day moving average price is $81.46 and its 200 day moving average price is $76.50. The company has a current ratio of 9.03, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, November 3rd. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.17. The company had revenue of $22.34 billion for the quarter, compared to analyst estimates of $23.27 billion. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. On average, research analysts expect that Archer Daniels Midland will post 5.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. William Blair began coverage on shares of Archer Daniels Midland in a research report on Tuesday, September 15th. They issued a “buy” rating on the stock. Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $60.00 to $79.00 in a research report on Wednesday, August 5th. BMO Capital Markets upped their price target on shares of Archer Daniels Midland from $77.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 31st. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $80.25.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and producers with markets worldwide by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company processes oilseeds, corn, wheat and other crops into ingredients and products used in food and beverages, animal nutrition, renewable fuels and industrial applications. Its offerings include vegetable oils, protein meals, sweeteners, starches, flour, food ingredients, animal feed ingredients and biofuels, as well as specialty ingredients developed through its nutrition businesses.

ADM operates an integrated network of agricultural facilities, processing plants, transportation assets and commercial offices serving customers across North America, South America, Europe, Asia and other international markets.