Polliesdividend

Dividend increase Archer Daniels Midland (ADM)

Yesterday Archer Daniels Midland (ADM) announced a 6.7% increase in its quarterly dividend. The dividend is raised from $0.30 to $0.32. This is ADM’s 341st consecutive quarterly payment, a record of 85 years of uninterrupted dividends. The dividend pay date is March 14, 2017 to shareholders of record on February 21, 2017 (ex dividend February 16, 2017).

 

ADM.com

 

Chairman Juan Ricardo Luciano (ADM fourth quarter 2016 earnings conference call February 7, 2017):

Vrijheid Fonds Continued to advance strategic and capital plans
– Executed acquisitions, organic growth, and portfolio management initiatives
– Exceeded annual target for run-rat savings
– Returned $1.7 billion to shareholders in dividend and share buybacks during the year

Expected improvements, additional contributions from recent projects lead to optimism for improved results in 2017

Vrijheid Fonds

The new dividend amount represents an annualized dividend amount of $1.28 per share, up from $1.2. The dividend yield on current price is 2.91%.

My Vrijheid Fonds consist of 41 shares of Archer Daniels Midland, my annual dividends will increase by $2.79 (after taxes). My projected annual total amount from my shares of ADM in 2017 will be €42 after taxes.

Again a nice step in my journey to financial independence.
DGI at work!

Cheers,

Pollie

Please follow and like us:
0

6 thoughts on “Dividend increase Archer Daniels Midland (ADM)

Leave a Reply

Your email address will not be published. Required fields are marked *