Bunge Global SA Stock Price, News & Analysis

Bunge Limited (NYSE: BG) has declared a quarterly cash dividend of $0.50 per common share, payable on March 2, 2021, to shareholders of record on February 16, 2021. Additionally, a dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares will be paid on March 1, 2021, to shareholders of record on February 15, 2021. The company, a leader in oilseed and grain sourcing, highlights its commitment to providing value to shareholders through these dividends.

Bunge Limited (NYSE: BG) announced the sale of its rice mill in Woodland, California, to Farmers' Rice Cooperative. The transaction will be finalized by the end of 2020, pending customary closing conditions. CEO Greg Heckman stated that the mill had limited connections to Bunge's broader value chains, prompting the decision to sell. This move is part of a portfolio review aimed at optimizing operations.

Bunge Limited (NYSE: BG) announced the sale of its Rotterdam refinery to Neste Corporation for €258 million, excluding working capital. The transition includes a leaseback arrangement allowing Bunge to maintain operations until 2024. This strategic move aligns with Bunge's goal of enhancing its asset footprint and operational efficiency, aimed at expanding its value-added oils and oilseeds-based ingredients portfolio. The deal is expected to close in Q1 2021, pending regulatory approvals.

Bunge Limited (NYSE:BG) reported impressive Q3 2020 results, achieving a GAAP EPS of $1.84, a significant improvement from $(10.57) a year prior. Adjusted EPS rose to $2.47, up from $1.28. The Agribusiness segment excelled in oilseed processing, benefiting from increased margins and volumes. Full-year adjusted EPS outlook has been raised to $6.25-$6.75 due to robust Q3 performance and promising market trends. CEO Greg Heckman noted strong execution and demand in biofuels as positive indicators for continued growth.

Bunge Limited (NYSE: BG) will report its third-quarter 2020 financial results on October 28, 2020, before market opening, followed by a conference call at 7:00 a.m. Central Time. A slide presentation will be available on their website. Investors can access the call by dialing specific numbers based on their location. A replay will be available from October 28 to November 28, 2020. Bunge, founded in 1818, is a leader in oilseed and grain products, with a global network supporting farmers and consumers.

Bunge Loders Croklaan (BLC) has inaugurated its first shea butter processing facility in Tema, Ghana, marking the largest of its kind in Africa. The facility, which became operational in 2019, supports local economies by employing 73 individuals and enhancing the shea supply chain. The company launched the Where Life Grows campaign to promote sustainability and empower local communities. Shea butter demand is projected to grow significantly, with 16 million African women reliant on the shea industry for their livelihoods. BLC aims to foster socio-economic development while adhering to sustainable practices.

Bunge Limited (NYSE: BG) has priced a public offering of $600 million in 1.630% senior notes maturing in 2025. This offering, made through its subsidiary Bunge Limited Finance Corp., is set to close on August 17, 2020. The funds will be utilized for general corporate purposes, including repayment of short-term debt. Major financial institutions like Citigroup and Goldman Sachs are managing the offering, adhering to SEC regulations. This move indicates Bunge's strategy to optimize its financial structure.

Bunge Limited (NYSE: BG) has declared a quarterly cash dividend of $0.50 per common share, payable on December 2, 2020, to shareholders of record on November 18, 2020. Additionally, a dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares will be paid on December 1, 2020, to shareholders on record as of November 15, 2020. This reflects Bunge's commitment to returning value to shareholders while fostering sustainable growth.