Archer Daniels Raises Dividend by 2%, Extending Royal Run
Archer Daniels Midland's board has nudged up the quarterly dividend by 2% to 51 cents a share from 50 cents, marking the 52nd straight year that the agribusiness giant has boosted its payout. The new payout, equal to $2.04 a year, represents an annual yield of about 4.08% based on Monday's closing price of $50.02, up from 4%.