Archer Daniels Midland Company (NYSE:ADM) Announces Quarterly Dividend of $0.51

Key Points

• Archer Daniels Midland Company has announced a quarterly dividend of $0.51, set to be paid on September 10th, with an ex-dividend date of August 20th, providing a yield of 3.5%.
• The company reported earnings of $0.93 per share for the last quarter, exceeding expectations, although quarterly revenue decreased by 4.9% year-over-year.
• With a dividend payout ratio of 44.6%, Archer Daniels Midland is expected to maintain its dividend coverage based on projected earnings of $4.86 per share next year.

Archer Daniels Midland Company (NYSE:ADM - Get Free Report) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Wednesday, August 20th will be paid a dividend of 0.51 per share on Wednesday, September 10th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 20th.

Archer Daniels Midland has a dividend payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Archer Daniels Midland to earn $4.86 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 42.0%.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock traded up $0.48 on Monday, reaching $58.32. 3,063,247 shares of the company were exchanged, compared to its average volume of 3,187,970. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The company's 50-day moving average is $53.55 and its two-hundred day moving average is $49.63. The firm has a market cap of $28.02 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 3.08 and a beta of 0.68. Archer Daniels Midland has a 1-year low of $40.98 and a 1-year high of $62.61.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $21.56 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. As a group, research analysts expect that Archer Daniels Midland will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Company Profile

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.