Archer-Daniels Midland Stock To Go Ex-dividend Tomorrow (ADM)
NEW YORK (TheStreet) -- The ex-dividend date for Archer-Daniels Midland Company (NYSE:ADM) is tomorrow, May 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $32.53 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Archer-Daniels Midland has been 4.4 million shares per day over the past 30 days. Archer-Daniels Midland has a market cap of $22.06 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 14.9% year to date as of the close of trading on Friday. Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products in the United States and internationally. The company has a P/E ratio of 16.8, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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