Thursday, February 2, 2023

Dividend Increase - Archer-Daniels-Midland Company (ADM)


Thursday, January 26th the Board of Directors of Archer-Daniels-Midland Company (ADM) announced a quarterly dividend increase of from $ 0.40 to $ 0.45 per share that’s payable March 2, 2022 to holders of record February 9, 2021. This represents a 12.5% increase over the last quarterly dividend.

This is ADM’s 365th consecutive quarterly payment, a record of 91 years of uninterrupted dividends.

This is the 48th year of consecutive annual dividend increases for this dividend aristocrat.

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

ADM is a Dividend Champions with a 48 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 8.1, 4.6, 4.6 and 8.6 (Dividend Champions.xls)

Since I own 85 shares of ADM, this will increase my portfolio's projected annual net dividend income by $ 12.67.

I was expecting an increase of around 6%, so the announcement was a nice surprise for me.

This is the 7th dividend increase I've received from Archer-Daniels-Midland Company since initiating a position in February 2016. During this period, the dividend has grown reasonably from $0.30 to $0.45 or 50%

This increase raises my YOC to 5.06%.

Summary of 2022 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!

1 comment:

  1. Sure was nice seeing that increase from ADM after a few years of lackluster raises. Dividend increases were slow among my holdings through the first 3 weeks of so of the new year but over the last 1.5 weeks they've been coming fast and furious and I expect a lot more to be announced the rest of this month as well.