Dividend Aristocrat Archer Daniels Midland Co (ADM) will raise its quarterly dividend by 2.9 percent to $0.36 per share in the first quarter of 2020. This marks the 45th consecutive year of annual dividend increases by the agricultural commodities company.

The next dividend is payable on March 5, 2020, to shareholders of record on February 13, 2020. A new annual dividend rate of $1.44 per share yields an estimated 3.2% at a stock price of $44.76.

Archer Daniels Midland Company is a producer of food and beverage ingredients, and other products made from oilseeds, corn, wheat, and other agricultural commodities. The Company's products include natural flavors and colors, health and nutrition products, vegetable oil, corn sweeteners, flour, animal feed, and biofuels. Archer-Daniels-Midland was incorporated in Delaware in 1923, successor to the Daniels Linseed Co. founded in 1902.