Yesterday, February 5, the Board of Directors of Archer
Daniels Midland Company announced a
quarterly dividend increase of from $ 0.335 to $ 0.35 per share that’s payable
March 12, 2019 to holders of record February 19, 2019. The declared dividend
represents a 4.48 percent increase from the prior quarterly rate.
With current price $ 41.85 (yesterday's close), this
raise brings their dividend yield to 3.35%.
Since I own 85 shares of ADM, this will increase my
portfolio's projected annual net dividend income by $ 3.80.
This increase rises my YOC to 3.93%.
Summary of 2019
Dividend Increases / Cuts
No.
|
Ticker
|
Increase %
|
Net Increase
|
Net Increase
|
€
|
$
|
|||
1
|
TSX:CU
|
7.48%
|
8.14
|
9.93
|
2
|
O
|
2.04%
|
3.00
|
3.42
|
3
|
OKE
|
0.58%
|
0.65
|
0.75
|
4
|
WEC
|
6.79%
|
1.47
|
1.68
|
5
|
KMB
|
3.00%
|
1.02
|
1.16
|
6
|
INTC
|
5.00%
|
15.81
|
17.88
|
7
|
TELIA1
|
2.61%
|
13.00
|
14.82
|
8
|
NCC
|
-50.00%
|
-86.22
|
-98.61
|
9
|
CVX
|
6.25%
|
10.90
|
12.52
|
10
|
UPM
|
13.04%
|
122.93
|
140.95
|
11
|
GILD
|
10.53%
|
5.47
|
6.26
|
12
|
ADM
|
4.48%
|
3.33
|
3.80
|
TOTAL
|
€99.48
|
$114.55
|
Increases
have been reported by deducting a 25.5% capital income tax.
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