Dividend Aristocrat ADM raises dividend by 8 pct in 2022
Dividend Aristocrat Archer Daniels Midland (ADM) will raise its quarterly dividend by 8.1% to 40 cents per share in the first quarter of 2022. This marks the 47th consecutive year of annual dividend increases by the agricultural commodities company.
ADM’s Board of Directors has declared a cash dividend of 40.0 cents per share on the company’s common stock, an 8.1% increase from last quarter’s dividend of 37.0 cents per share. The dividend is payable on March 1, 2022, to shareholders of record on Feb. 8, 2022. A new annual dividend rate of $1.60 per share yields an estimated 2.3% at a stock price of $68.59.
ADM has now boosted its dividend 47 consecutive years. Last year the dividend was hiked by 2.8 percent.
Archer Daniels Midland Company is a producer of food and beverage ingredients, and other products made from oilseeds, corn, wheat, and other agricultural commodities. The company's products include natural flavors and colors, health and nutrition products, vegetable oil, corn sweeteners, flour, animal feed, and biofuels. Archer-Daniels-Midland was incorporated in Delaware in 1923, successor to the Daniels Linseed Co. founded in 1902.