Archer Daniels Midland Co Plans Quarterly Dividend of $0.35 (NYSE:ADM)

Archer Daniels Midland Co (NYSE:ADM) declared a quarterly dividend on Thursday, November 7th, RTT News reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.35 per share on Thursday, December 12th. This represents a $1.40 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Wednesday, November 20th.

ADM stock opened at $42.84 on Tuesday. The company has a fifty day moving average price of $41.22 and a 200-day moving average price of $40.43. The company has a market capitalization of $23.87 billion, a P/E ratio of 12.24 and a beta of 1.10. Archer Daniels Midland has a 52-week low of $36.45 and a 52-week high of $47.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 1.60.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Archer Daniels Midland had a net margin of 1.85% and a return on equity of 8.06%. The company had revenue of $16.73 billion during the quarter, compared to analysts’ expectations of $16.18 billion. During the same period in the prior year, the company posted $0.92 earnings per share. Archer Daniels Midland’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Archer Daniels Midland will post 2.57 earnings per share for the current fiscal year.

In other news, VP John P. Stott sold 2,500 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $42.66, for a total transaction of $106,650.00. Following the completion of the sale, the vice president now directly owns 32,201 shares in the company, valued at $1,373,694.66. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.11% of the company’s stock.

Several research firms have recently weighed in on ADM. Robert W. Baird set a $48.00 price objective on shares of Archer Daniels Midland and gave the stock a “buy” rating in a research report on Monday, August 26th. Stephens began coverage on shares of Archer Daniels Midland in a research report on Monday, October 7th. They set an “overweight” rating and a $50.00 price objective for the company. Peel Hunt reiterated a “hold” rating on shares of Archer Daniels Midland in a research report on Tuesday, October 22nd. ValuEngine upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Argus increased their price objective on shares of Archer Daniels Midland from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.38.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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Dividend History for Archer Daniels Midland (NYSE:ADM)

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