Archer Daniels Midland (ADM) is one of the world’s leading agribusiness companies, with significant market presence in agriculture processing and merchandising. ADM has approximately 230 plants located worldwide. It is one of the world’s largest processors of agricultural commodity products such as oilseeds, corn, wheat, protein meal, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients.
ADM is a dividend aristocrat and has been raising its dividends for last 34 years. The last dividend increase was in February 2009. I last reviewed ADM in July 2009. My objective here is to see if ADM continues to be a good dividend growth stock and how does it rate on my scale of risk-to-dividends.
Here I am looking at trends for past 10 years of corporation’s revenue and profitability. These parameters should show consistently growth trends. The trend charts is shown in image below. continue reading rest of the article….