Today the board of directors of Archer Daniels Midland Company announced a dividend increase of from $ 0.30 to $ 0.32 per share that’s payable March 14, 2017 to holders of record February 21, 2017. This represents a 6.67% increase to regular quarterly dividends. This is ADM’s 341st consecutive quarterly payment, a record of 85 years of uninterrupted dividends.
With current price $ 44.02 (yesterday's close), this raise brings their dividend yield to 2.91%.
Since I own 60 shares this will increase my yearly net
dividends by $ 3.58.
That increase rises my YOC to 3.89%
You can follow the development of my dividends here.
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Nice increase from this dividend stalwart. Happy to have it in my portfolio too!
ReplyDeleteHave it also. Pleased with the raise.
ReplyDeleteGo ADM, have it on my portfolio too, so far every company on my portfolio has increased
ReplyDeleteCongratulations on the increase! Unfortunately I'm don't own ADM but it's always fun to celebrate dividend increases!
ReplyDelete