Bunge Limited (NYSE:BG) announced a quarterly dividend on Tuesday, August 8th, RTT News reports. Shareholders of record on Monday, November 20th will be given a dividend of 0.46 per share by the basic materials company on Monday, December 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, November 17th.
Bunge Limited has raised its dividend by an average of 12.0% annually over the last three years and has raised its dividend every year for the last 15 years. Bunge Limited has a payout ratio of 45.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bunge Limited to earn $5.50 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 33.5%.
Bunge Limited (BG) traded down 0.19% during mid-day trading on Friday, hitting $74.95. 990,481 shares of the company’s stock were exchanged. The stock has a market capitalization of $10.54 billion, a P/E ratio of 21.43 and a beta of 1.02. The firm has a 50 day moving average of $77.55 and a 200 day moving average of $76.84. Bunge Limited has a 52 week low of $58.19 and a 52 week high of $83.75.
Bunge Limited (NYSE:BG) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The business had revenue of $11.65 billion for the quarter, compared to the consensus estimate of $10.88 billion. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. Equities analysts forecast that Bunge Limited will post $3.94 earnings per share for the current fiscal year.
In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $80.00, for a total transaction of $210,880.00. Following the transaction, the insider now directly owns 20,214 shares in the company, valued at approximately $1,617,120. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Several research analysts recently issued reports on the stock. BidaskClub downgraded shares of Bunge Limited from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Piper Jaffray Companies set a $86.00 price target on shares of Bunge Limited and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Bunge Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Credit Suisse Group set a $90.00 target price on shares of Bunge Limited and gave the company a “buy” rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. cut their target price on shares of Bunge Limited from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $84.83.
About Bunge Limited
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
Receive News & Ratings for Bunge Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Limited and related companies with MarketBeat.com's FREE daily email newsletter.