ADM Directors Vote to Increase Cash Dividend

Rhea-AI Summary

ADM’s Board of Directors has announced a cash dividend of 37.0 cents per share, marking a 2.78% increase from the previous quarter’s dividend of 36.0 cents. This dividend is set to be paid on March 2, 2021, to shareholders recorded by Feb. 9, 2021. This declaration represents ADM's 357th consecutive quarterly payment and continues its impressive record of 89 years of uninterrupted dividends. As of December 31, 2020, ADM had 556,104,261 shares of common stock outstanding.

Positive

• 37.0 cents per share dividend signifies confidence in the company's financial stability.
• 2.78% increase in dividends demonstrates commitment to returning value to shareholders.
• Continued dividend payments for 89 years underline ADM's robust financial health.

Negative

• None.

ADM’s (NYSE: ADM) Board of Directors has declared a cash dividend of 37.0 cents per share on the company’s common stock, an approximately 2.78% increase from last quarter’s dividend of 36.0 cents per share. The dividend is payable on March 2, 2021, to shareholders of record on Feb. 9, 2021.

This is ADM’s 357th consecutive quarterly payment, a record of 89 years of uninterrupted dividends. As of Dec. 31, 2020, there were 556,104,261 shares of ADM common stock outstanding.

About ADM

At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.

Source: Corporate release

View source version on businesswire.com: https://www.businesswire.com/news/home/20210126005778/en/

FAQ

What is the dividend amount declared by ADM?

ADM declared a cash dividend of 37.0 cents per share.

When is the dividend payable to shareholders?

The dividend is payable on March 2, 2021.

What is the record of dividend payments by ADM?

ADM has made 357 consecutive quarterly payments, maintaining uninterrupted dividends for 89 years.

What was the increase percentage of ADM's dividend from the last quarter?

The dividend increased by 2.78% from the last quarter's dividend of 36.0 cents.