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ADM Announces Dividend Boost

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Following yesterday's release of Q2 results that showed robust growth in profitability, Archer Daniels Midland (NYSE: ADM  ) has announced an increase in its quarterly dividend. The company is to pay $0.19 per share of its common stock, a nearly 9% rise over the former level. The disbursement will be made on March 13 to shareholders of record as of Feb. 20.

ADM is a serial dividend payer. In the news release announcing the latest payment, the company pointed out that it has now paid 325 consecutive quarterly dividends over a stretch of 81 years.

At an annualized rate of $0.76 per share, the new dividend yields 2.5%.

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Related Tickers

9/26/2016 10:13 AM
ADM $42.23 Down -0.25 -0.58%
Archer Daniels Mid… CAPS Rating: ****