logo
  

Archer-Daniels-Midland Boosts Dividend 8.1% - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2021 on Tuesday, Archer-Daniels-Midland (ADM) said it is optimistic for another very strong performance in 2022 as it progress towards its strategic plan's next earnings milestone of $6.00 to $7.00 per share.

On average, 16 analysts polled by Thomson Reuters currently expect the company to report earnings of $4.89 per share for the fiscal year 2022. Analysts' estimates typically exclude special items.

In mid-December, the company unveiled a comprehensive plan to drive continued earnings growth to $6.00 to $7.00 per share by 2025.

ADM's Board of Directors also declared an 8.1 percent higher cash dividend of $0.40 per share on the company's common stock, payable on March 1, 2022 to shareholders of record on February 8, 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Salt Lake City, Utah-based Creminelli Fine Meats is recalling around 4,207 pounds of ready-to-eat or RTE parmesan salami sticks citing misbranding and an undeclared allergen, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves 2.6-oz. plastic pouches containing "CREMINELLI FINE MEATS salami minis UNCURED ITALIAN SALAMI PARMESAN" with "BES The U.S. Food and Drug Administration is proposing a rule that will broaden the range of nonprescription or over-the counter drugs available to consumers. The rule titled, "Nonprescription Drug Product with an Additional Condition for Nonprescription Use," is intended to increase options for the development of safe and effective nonprescription drugs. The U.S. Food and Drug Administration announced that Australian organic infant formula and baby food producer, Bellamy's Organic, has agreed to send around 696,000 cans of general formula milk to the United States to meet the supply shortage. Under the FDA's enforcement discretion to source more infant formula to the U.S., the available Bellamy's Organic products include about 1.4 million pounds.
Follow RTT