ADM Declares Cash Dividend

Rhea-AI Summary

ADM (NYSE: ADM) has declared a cash dividend of 50.0 cents per share on its common stock. The dividend will be paid on June 5, 2024, to shareholders of record on May 16, 2024. This marks ADM's 370th consecutive quarterly payment, spanning over 92 years of uninterrupted dividends. As of March 31, 2024, there were 501,763,545 shares of ADM common stock outstanding.

Positive

• ADM's declaration of a cash dividend showcases its commitment to creating value for shareholders by distributing profits through regular payments.

• The company's long-standing history of consistent dividend payments spanning over 92 years reflects its financial stability and ability to generate sustained returns for investors.

Negative

• While dividends are beneficial for shareholders, the payout may impact the company's retained earnings and future investment opportunities for growth or expansion.

CHICAGO--(BUSINESS WIRE)-- ADM (NYSE: ADM) Board of Directors has declared a cash dividend of 50.0 cents per share on the company’s common stock. The dividend is payable on June 5, 2024, to shareholders of record on May 16, 2024.

This is ADM’s 370th consecutive quarterly payment, a record of more than 92 years of uninterrupted dividends. As of March 31, 2024, there were 501,763,545 shares of ADM common stock outstanding.

About ADM

ADM unlocks the power of nature to enrich the quality of life. We’re an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. We’re a premier human and animal nutrition provider, offering one of the industry’s broadest portfolios of ingredients and solutions from nature. We’re a trailblazer in health and well-being, with an industry-leading range of products for consumers looking for new ways to live healthier lives. We’re a cutting-edge innovator, guiding the way to a future of new consumer and industrial solutions. And we're a leader in sustainability, scaling across entire value chains to help decarbonize the multiple industries we serve. Around the globe, our innovation and expertise are meeting critical needs while nourishing quality of life and supporting a healthier planet. Learn more at www.adm.com.

Source: Corporate Release
Source: ADM

View source version on businesswire.com: https://www.businesswire.com/news/home/20240501683780/en/

ADM Media Relations

Jackie Anderson

media@adm.com

312-634-8484

Source: ADM

FAQ

What is the cash dividend per share declared by ADM on its common stock?

ADM has declared a cash dividend of 50.0 cents per share on its common stock.

When will the dividend be payable to shareholders of ADM?

The dividend declared by ADM will be payable on June 5, 2024, to shareholders of record on May 16, 2024.

How many shares of ADM common stock were outstanding as of March 31, 2024?

As of March 31, 2024, there were 501,763,545 shares of ADM common stock outstanding.

What is the significance of ADM's 370th consecutive quarterly dividend payment?

ADM's 370th consecutive quarterly dividend payment highlights its long-standing commitment to rewarding shareholders with consistent dividends over the years.