Welcome to our dedicated page for Archer Daniels Midland Company news (Ticker: $ADM), a resource for investors and traders seeking the latest updates and insights on Archer Daniels Midland Company stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Archer Daniels Midland Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Archer Daniels Midland Company's position in the market.
ADM (NYSE: ADM) has declared a cash dividend of 50.0 cents per share on its common stock. The dividend will be paid on June 5, 2024, to shareholders of record on May 16, 2024. This marks ADM's 370th consecutive quarterly payment, spanning over 92 years of uninterrupted dividends. As of March 31, 2024, there were 501,763,545 shares of ADM common stock outstanding.
ADM (NYSE: ADM) surpassed its goal of 2 million regenerative agriculture acres in 2023, expanding to over 2.8 million acres globally. The company aims for 3.5 million acres in 2024 and 5 million acres by 2025. This initiative focuses on improving soil health, reducing carbon footprint, and involving various crops and regions. ADM collaborates with growers, downstream customers, technology partners, and conservation organizations to drive sustainability across the value chain.
ADM reported financial results for Q1 2024, showcasing solid performance despite market challenges. EPS of $1.42, adjusted EPS of $1.46. Segment operating profit of $1,311 million. Affirmed full-year EPS guidance of $5.25 to $6.25. Key strategic initiatives driving growth include Green Bison JV ramp-up and regenerative agriculture efforts. Lower pricing affected results, offset by volume improvements and lower costs.
