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Archer Daniels Midland declares quarterly dividend

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Archer Daniels Midland declares quarterly dividend

Archer-Daniels-Midland Co. said Aug. 8 that the company's board declared a quarterly cash dividend of 35 cents per share.

The Chicago-based agricultural company will pay the dividend, unchanged from its previous quarter, on Sept. 12 to shareholders of record on Aug. 22.

In addition, the board extended the company's existing share repurchase program to five years with an authorization to repurchase up to an additional 100 million shares. Prior to the extension, the company was authorized to purchase 100 million shares between Jan. 1, 2015, and Dec. 31, 2019.