Archer-Daniels-Midland: Get 3.1% Dividend Yield While Waiting For Commodity Prices To Recover
In my view, despite another quarter with disappointing results, Archer-Daniels-Midland’s (ADM) stock, is still attractive.
Archer-Daniels-Midland, one of the world’s largest agricultural processors and food ingredient providers, is an excellent candidate to be included in diversified large-cap dividend stock portfolio.
While waiting for a significant rebound in the price of agriculture commodities, investors can enjoy the generous dividend yielding 3.1% a year.
Despite continued low agriculture commodities prices, ADM raised its dividend by 7% on February 2. The company has increased its annual dividend payment to shareholders for 32 consecutive years. This makes Archer-Daniels-Midland one of 50 Dividend Aristocrats. Even during the global economic crisis of the years 2008-2009, ADM continued to grow its dividend.