A dividend increase of Archer Daniels Midland (ADM)
Today Archer Daniels Midland (ADM) announced a 4.7% increase in its quarterly dividend. The dividend is raised from $0.32 to $0.335. This is ADM’s 345st consecutive quarterly payment, a record of 86 years of uninterrupted dividends. The dividend pay date is March 13, 2018 to shareholders of record on February 20, 2018 (ex dividend February 16, 2018).
The new dividend amount represents an annualized dividend amount of $1.34 per share, up from $1.28. The dividend yield on current price is 3.3%.
My Vrijheid Fonds consist of 41 shares of Archer Daniels Midland, my annual dividends will increase by €1.69 ($2.09) after taxes.
My projected annual total amount from my shares of ADM in 2018 will be €37 ($46.70) after taxes.
This is my 7th dividend increase already in 2018 for my Vrijheid Fonds!!!
Again a nice step in my journey to financial independence.
DGI at work!