Most people have never heard of Archer Daniels Midland Co (NYSE:ADM). But when it comes to returning cash to investors, few companies can match the track record this Chicago-based agricultural processor.
In other words, ADM stock is a Dividend Aristocrat—a title awarded to companies with at least 25 consecutive years of annual dividend increases.
Investors liked the news. On Tuesday, shares of Archer Daniels Midland Co surged 3.42%.
Trading at $42.00 apiece, ADM stock offers an annual dividend yield of 3.19%.