Updating Archer Daniels Midland Co., Leon’s Furniture Ltd., and T. Rowe Price Group Inc.

Article Excerpt

ARCHER DANIELS MIDLAND CO. $48 (New York symbol ADM; High-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 559.7 million; Market cap: $26.9 billion; Dividend yield: 2.8%; Dividend Sustainability Rating: Above Average; www.adm.com) processes corn, wheat, soybeans, canola, and other crops to make a variety of food ingredients such as flour, oils and sweeteners. It also makes ethanol from corn. The company last raised its quarterly dividend by 4.7% in March 2018, to $0.335 a share from $0.32. The new annual rate of $1.34 yields 2.8%. Archer Daniels recently completed its acquisition of Rodelle Inc. Based in Colorado, that firm makes premium vanilla products, including organic and traditional extracts, beans, flavour and paste. Expanding by acquisitions adds risk. However, Rodelle lowers the company’s exposure to volatile crop prices. Archer Daniels Midland is a buy. LEON’S FURNITURE LTD. $17 (Toronto symbol LNF; High-Growth Payer Portfolio, Consumer sector; Shares outstanding: 76.2 million; Market cap: $1.3 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Above Average; www.leons.ca) has increased the number of stores under its…

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