Archer-Daniels-Midland Company (NYSE:ADM) to Issue $0.50 Quarterly Dividend

Archer-Daniels-Midland Company (NYSE:ADM - Get Free Report) announced a quarterly dividend on Friday, November 8th,RTT News reports. Investors 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 yield of 3.84%.

Archer-Daniels-Midland has raised its dividend payment by an average of 7.7% annually over the last three years and has increased 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. Research 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 Stock Down 0.6 %

ADM traded down $0.34 during trading on Friday, hitting $52.15. 3,482,419 shares of the company's stock were exchanged, compared to its average volume of 4,271,956. The business's 50 day moving average is $58.06 and its two-hundred day moving average is $60.06. The stock has a market cap of $24.94 billion, a P/E ratio of 10.47 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland has a fifty-two week low of $48.92 and a fifty-two week high of $77.35.

Analyst Ratings Changes

Several equities research analysts have issued reports on ADM shares. JPMorgan Chase & Co. lifted their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. UBS Group increased their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Finally, Citigroup cut their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating on the stock in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $63.82.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their position. 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 quarter. 1.20% of the stock is currently owned by insiders.

About Archer-Daniels-Midland

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.