On Tuesday, February 4th the Board of Directors of Archer-Daniels-Midland Company (ADM) announced a quarterly dividend increase of from $0.50 to $0.51 per share that’s payable March 11, 2025 to holders of record February 18, 2025. This represents a 2.0% increase over the last quarterly dividend. This is ADM’s 93rd consecutive year of uninterrupted dividends.
At the current price of $46.09 (yesterday's close), this increase will raise ADM's dividend yield to 4.43%.
Archer-Daniels-Midland Company is a Dividend Champions with a 50 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 11.1, 10.6, 7.4 and 7.6 (Dividend Champions.xls)
As an owner of 85 shares of ADM, the recent dividend increase adds $2.53 to my projected annual net dividend income.
I expected an increase of around 6%, although given the company's recent financial presentations, this was to be expected and is of course better than a dividend cut.
This recent dividend increase marks the 9th consecutive raise I’ve received from Archer-Daniels-Midland since I acquired my first shares in February 2016. Over this time, the quarterly dividend has grown quite reasonably from $0.30 to $0.51 per share, representing a 70% increase.
Following this increase, my yield on cost is 5.73%.
Summary of 2025 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!
No comments:
Post a Comment