A dividend increase of Archer Daniels Midland (ADM)
Last week Archer Daniels Midland (ADM) announced a 2.86% increase in its quarterly dividend. ADM raised its dividend from $0.35 to $0.36. The dividend pay date is March 5, 2020 to shareholders of record on February 13, 2020 (ex dividend February 12, 2020).
This is ADM’s 353rd consecutive quarterly payment, a record of 88 years of uninterrupted dividends.
The new dividend amount represents an annualized dividend amount of $1.44 per share, up from $1.40. The dividend yield on current price is 3.28%.
My Vrijheid Fonds consist of 41 shares of Archer Daniels Midland, my annual dividends will increase by €1.26 ($1.39) after taxes. My projected annual total amount from my shares of ADM in 2020 will be €45.30 ($49.98) after taxes.
This is my 6th dividend increase already in 2020 for my Vrijheid Fonds!!!
Again a nice step in my journey to financial independence.
DGI at work!