Archer Daniels Midland (ADM) Raises Quarterly Dividend 12.5% to $0.45; 2.1% Yield
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Go back to Archer Daniels Midland (ADM) Raises Quarterly Dividend 12.5% to $0.45; 2.1% Yield
January 26, 2023 7:19 AM EST
By Karl Plume
CHICAGO (Reuters) -Archer-Daniels-Midland Co on Thursday said robust soy crushing margins and hefty global demand for crops had propelled the U.S. grains merchant to a record fourth-quarter profit and would keep driving strong results in 2023.
The solid quarterly earnings highlighted how global crop merchants like ADM have weathered rising energy costs and supply chain disruptions such as lower Black Sea grain exports following Russia's invasion of Ukraine.
ADM reported a 46% operating... More
January 26, 2023 7:01 AM EST
Archer Daniels Midland (NYSE: ADM) reported Q4 EPS of $1.93, $0.28 better than the analyst estimate of $1.65. Revenue for the quarter came in at $26.23 billion versus the consensus estimate of $25.05 billion.
For earnings history and earnings-related data on Archer Daniels Midland (ADM) click here.
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