Archer-Daniels-Midland Company (NYSE:ADM) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Shareholders of record on Thursday, November 16th will be given a dividend of 0.32 per share on Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a yield of 3.13%.

Archer-Daniels-Midland has raised its dividend by an average of 16.4% per year over the last three years and has raised its dividend annually for the last 41 consecutive years. Archer-Daniels-Midland has a payout ratio of 51.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Archer-Daniels-Midland to earn $2.86 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 44.8%.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Archer-Daniels-Midland had a return on equity of 7.86% and a net margin of 2.01%. The company had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $16 billion. During the same period in the prior year, the company posted $0.59 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Monness Crespi & Hardt assumed coverage on Archer-Daniels-Midland in a research note on Tuesday, October 24th. They issued a “sell” rating and a $38.00 target price on the stock. Citigroup Inc. cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and increased their target price for the stock from $42.25 to $45.00 in a research note on Thursday, September 28th. Robert W. Baird assumed coverage on Archer-Daniels-Midland in a research note on Monday, September 11th. They issued an “outperform” rating and a $50.00 target price on the stock. Finally, Piper Jaffray Companies set a $42.00 target price on Archer-Daniels-Midland and gave the stock a “hold” rating in a research note on Sunday, October 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $41.53.

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Archer-Daniels-Midland Company Profile

Dividend History for Archer-Daniels-Midland (NYSE:ADM)

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