Bunge Global SA Plans Quarterly Dividend of $0.68 (NYSE:BG)

Bunge Global SA (NYSE:BG - Get Free Report) announced a quarterly dividend on Monday, April 22nd,NASDAQ Dividends reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.68 per share by the basic materials company on Monday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Monday, November 18th.

Bunge Global has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bunge Global to earn $9.01 per share next year, which means the company should continue to be able to cover its $2.65 annual dividend with an expected future payout ratio of 29.4%.

Bunge Global Price Performance

NYSE:BG traded up $2.54 during mid-day trading on Friday, hitting $90.60. The company's stock had a trading volume of 3,252,661 shares, compared to its average volume of 1,570,274. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $93.00 and a 200-day moving average of $100.33. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 11.47 and a beta of 0.67. Bunge Global has a fifty-two week low of $82.18 and a fifty-two week high of $114.92.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered Bunge Global from a "buy" rating to a "neutral" rating and decreased their price target for the company from $125.00 to $114.00 in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Bunge Global has an average rating of "Moderate Buy" and a consensus price target of $118.00.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.