Bunge Limited (BG) will raise its quarterly dividend by 8.7 percent to $0.50 per share in the second quarter of 2018. This marks the 16th consecutive year of dividend increases by BG.

The new dividend is payable on September 5, 2018 to shareholders of record on August 22, 2018. The new dividend yield for BG is 2.9%.

Bunge Limited is an agribusiness and food company. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America.