Topic: How To Invest

Dividend Advisor Hotline – Friday, February 9, 2018

Article Excerpt

ARCHER DANIELS MIDLAND CO., $41.49, New York symbol ADM, processes corn, wheat, soybeans, canola, flaxseed, peanuts and other crops to make a variety of food ingredients such as flour, oils and sweeteners. It’s also the largest maker of ethanol from corn in the U.S. The company announced that it will increase its quarterly dividend by 4.7% with the March 2018 payment. Investors will now receive $0.335 a share, up from $0.32. The new annual rate of $1.34 yields 3.2%. In the three months ended December 31, 2017, Archer Daniels’ revenue fell 2.6%, to $16.1 billion from $16.5 billion a year earlier. That missed the consensus forecast of $16.7 billion. Lower revenue from its agricultural services business (including transporting and trading crops) offset gains from processing corn and oilseeds If you exclude a gain related to U.S. tax reforms and other unusual items, earnings in the quarter rose 9.3%, to $0.82 a share from $0.75. That easily beat the consensus estimate of $0.70. The company…