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ADM profit jumps 14%, raises dividend -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Archer Daniels Midland’s world-leading corn mill can be seen in Decatur (IL), U.S.A, 16 March 2015. REUTERS/Karl Plume/File Photograph

(Reuters) -Global grain trader Archer-Daniels-Midland Co reported a fourth-quarter profit on Tuesday that rose nearly 14%, helped by strength at its carbohydrate solutions and nutrition units.

According to the company, it intends to increase dividends by between 8% and 40 cents per shares.

This report gives insight on how some of the most important commodity traders around the globe are dealing with the sudden shifts in fuel and food demands triggered the pandemic.

ADM and competitors in agribusinesses Bunge (NYSE:) Ltd., Cargill Inc. and Louis Dreyfus Co are collectively known as the ABCD four of giant grain traders. They have all benefited from increased demand for food as well as renewable fuels as countries reopen.

ADM’s net earnings increased to $782million, or $1.38 per Share, during the quarter ending Dec. 31 from $687million, or $1.22 Per Share, one year ago.

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