5 Dividend Aristocrats with Payout Ratio Less than 55%

3. Archer-Daniels-Midland Company (NYSE: ADM)

Number of Hedge Fund Holders: 41
Dividend Yield: 2.5%
Number of Years of Consistent Dividend Increases: 46

Payout Ratio: 35.3%

Archer-Daniels-Midland Company (NYSE: ADM) works to procure, transport, store, process, and merchandise agricultural commodities, products, and ingredients in the United States and internationally. The company ranks 3rd on our list of dividend aristocrats with payout ratio less than 55%.

Jefferies has a hold rating on shares of Archer-Daniels-Midland Company (NYSE: ADM) as of this July. The firm also holds a $55 price target on Archer-Daniels-Midland Company (NYSE: ADM) shares.

In the second quarter of 2021, Archer-Daniels-Midland Company (NYSE: ADM) had an EPS of $1.33, beating estimates by $0.30. The company’s revenue was $22.93 billion, up 40.81% year over year and beating estimates by $4.59 billion. Archer-Daniels-Midland Company (NYSE: ADM) has gained 5.71% in the past 6 months and 21.46% year to date.

By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in Archer-Daniels-Midland Company (NYSE: ADM) worth roughly $837 million. This is compared to 34 hedge funds in the previous quarter with a total stake value of approximately $696 million.