Archer Daniels Midland Increased Their Dividend By 2.9%
Dividend Increase Announcement
On January 30th, Archer Daniels Midland announced a dividend increase of 2.9%. This will increase their dividend per quarter from $0.35 to $0.36. It is payable on March 5th for shareholders of record on February 13th. The new quarterly dividend represents an annualized dividend amount of $1.44 per share as compared to the current annualized dividend amount of $1.40 per share.
Archer Daniels Midland Dividend Information
Annual Dividend: $1.44
Dividend Yield: 3.3%
Dividend Growth History: 44 years
Payout Ratio: 44%
Dividend Increase Affect On More Dividends
I am currently holding 12.969 shares of Archer Daniels Midland in the More Dividends portfolio. With this 2.9% increase it will add an additional $0.52 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
I have been holding my shares of Archer Daniels Midland for several years now. I have been pleased with the position so far. I wished I had added to the position when the share price was down around my cost basis.
I guess I will have to live and learn. So I am looking forward to another opportunity to add to this position.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in Archer Daniels Midland? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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I was hoping for a bit stronger of a raise from ADM but nearly 3% is still good enough. Hopefully next year dividend growth will move back into the mid single digits.
Yeah, I would have liked to see a larger increase too but I will take what I can get! Thanks for stopping by JC!