Bunge Limited (NYSE:BG) announced a quarterly dividend on Thursday, December 7th, RTT News reports. Stockholders of record on Friday, February 16th will be given a dividend of 0.46 per share by the basic materials company on Friday, March 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.69%.

Bunge has raised its dividend payment by an average of 12.0% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Bunge has a payout ratio of 62.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bunge to earn $4.85 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 37.9%.

Bunge (BG) traded up $2.27 during midday trading on Thursday, hitting $68.33. The stock had a trading volume of 2,182,400 shares, compared to its average volume of 1,263,891. The company has a market cap of $9,860.00, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. Bunge has a 12 month low of $63.87 and a 12 month high of $83.75. The company has a quick ratio of 0.82, a current ratio of 1.60 and a debt-to-equity ratio of 0.60.

Bunge (NYSE:BG) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.04). Bunge had a net margin of 1.06% and a return on equity of 6.68%. The firm had revenue of $11.42 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company’s revenue was up .0% on a year-over-year basis. equities research analysts forecast that Bunge will post 2.97 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on BG. Vertical Group cut Bunge from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Robert W. Baird began coverage on Bunge in a research report on Monday, September 11th. They set a “neutral” rating and a $77.00 price target on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $86.00 price target on shares of Bunge in a research report on Tuesday, September 5th. Credit Suisse Group reiterated a “buy” rating and set a $90.00 price target on shares of Bunge in a research report on Friday, September 15th. Finally, Citigroup cut Bunge from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $81.86.

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About Bunge

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.

Dividend History for Bunge (NYSE:BG)

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