How To Put $100 In Your Retirement Fund Each Month With Archer-Daniels-Midland Stock
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Archer-Daniels-Midland Company (NYSE:ADM) procures, transports, stores, processes and merchandises agricultural commodities, ingredients, flavors and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom and internationally.
It will report its Q4 2024 earnings on March 11. Wall Street analysts expect the company to post an EPS of $1.02, down from $1.36 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $23.27 billion, up from $22.98 billion in the year-ago period.
The 52-week range of Archer-Daniels-Midland stock price was $48.40 to $66.08.
Archer-Daniels-Midland’s dividend yield is 3.90%. During the last 12 months, it paid $2.00 per share in dividends.
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On Nov. 18, 2024, the company announced its Q3 2024 earnings, posting an adjusted EPS of $1.09 and revenues of $19.937 billion. Both figures came in below the consensus estimates.
The company affirmed its previously provided EPS guidance for the full year. Based on trends in ADM’s performance to date, legislative and regulatory policy uncertainties and ongoing headwinds from slower market demand and internal operational challenges, ADM expects adjusted earnings per share in the range of $4.50 to $5.00 for the full year 2024.
Check out this article by Benzinga for five analysts’ insights on Archer-Daniels-Midland.
If you want to make $100 per month –$1,200 annually – from Archer-Daniels-Midland dividends, your investment value needs to be approximately $30,769, which is around 601 shares at $51.22 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.90% in this case). So, $1,200 / 0.0390 = $30,769 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.
For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Archer-Daniels-Midland stock an attractive option for making a steady income of $100 per month by owning 601 shares of stock. There may be more upside as investors benefit from the company’s consistent dividend hikes. Archer-Daniels-Midland has raised its dividend consecutively for the last 51 years.
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