A dividend increase of Archer Daniels Midland (ADM)
Last week Archer Daniels Midland (ADM) announced a 4.5% increase in its quarterly dividend. ADM raised its dividend from $0.335 to $0.35. This is ADM’s 349st consecutive quarterly payment, a record of 87 years of uninterrupted dividends. The dividend pay date is March 12, 2019 to shareholders of record on February 19, 2019 (ex dividend February 15, 2019).
The new dividend amount represents an annualized dividend amount of $1.40 per share, up from $1.34. 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 €1.84 ($2.09) after taxes.
My projected annual total amount from my shares of ADM in 2019 will be €43.04 ($48.79) after taxes.
This is my 9th dividend increase already in 2019 for my Vrijheid Fonds!!!
Again a nice step in my journey to financial independence.
DGI at work!