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).
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
30
0
1k
Congratulations on your dividend raise! It’s nice to get paid more just for owning a stock. Take care and happy investing!
Thanks!
I’ve looked at ADM in the past since they are a dividend aristocrat and I like their potential to raise the dividend in the future!
Visit me at TheDividendLife.com
And did you buy some ADM stocks after your research?
Cheers,
Pollie
341st Quarterly Dividends; I always find these older companies fascinating in the sense that they outlast their founders. Talk about legacy.
I love these increases too!