On February 26, 2023, Dividend Aristocrat Archer Daniels Midland Co (ADM) announced a 12.5% dividend hike to $0.45 quarterly per share. This marks 48 consecutive years of increased dividend by the Dividend Aristocrat and comes after a dividend increase of 8.1% in 2022. The new dividend yield for ADM is 2.2% at a stock price of $83.63. The next ex-dividend date is February 8, 2023.
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.