Archer-Daniels-Midland ($ADM) announced its next dividend of 50¢ per share, an 11.11% increase over its previous payout of 45¢.
DivGro's projected annual dividend income will increase by $20.00 to $200.00.
The dividend will be paid on 29 February to shareholders of record on 8 February. The ex-dividend date is 7 February.
I own 100 shares of ADM at an average cost basis of $39.90 per share. Following this increase, my yield on cost is 5.01%. (ADM's forward yield is 3.84% at $52.05 per share).
ADM became DivGro's 43rd Home Run stock in March 2022, when the stock doubled my original capital outlay.
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