Wednesday, January 27, 2021

Dividend Increase #5 of 2021 - Archer-Daniels-Midland Company (ADM)


Yesterday, January 26th the Board of Directors of Archer-Daniels-Midland Company (ADM) announced a quarterly dividend increase of from $ 0.36 to $ 0.37 per share that’s payable March 2, 2021 to holders of record February 9, 2021. This represents a 2.78% increase over the last quarterly dividend.


This is ADM’s 357th consecutive quarterly payment, a record of 89 years of uninterrupted dividends. As of Dec. 31, 2020, there were 556,104,261 shares of ADM common stock outstanding.


With current price $ 52.18 (yesterday's close), this raise brings their dividend yield to 2.76%.


ADM is a Dividend Champions with a 45 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 2.9, 4.0, 5.2 and 9.1 (Dividend Champions.xls)



Since I own 85 shares of ADM, this will increase my portfolio's projected annual net dividend income by $ 2.53.


This increase was again a little disappointing, I was expecting a 1.5 cent increase, came less. In any case, a raise is always a raise!


This is the 5th dividend increase I've received from Archer-Daniels-Midland Company since initiating a position in February 2016.  Total dividend growth over that time is passable at 23.3%.


This increase raises my YOC to 4.06%.



Summary of 2021 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long ADM


Thanks for stopping by!


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