8 Cash-Rich Dividend Stocks To Invest In Now

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

Operating Cash Flow (TTM): $4.73 billion

Archer-Daniels-Midland Company (NYSE:ADM) is an Illinois-based multinational food company that also specializes in food processing and commodities trading. The company specializes in transforming crops into products for food, animal feed, industrial uses, and energy. As a key player in the global agricultural sector, it manages a vast network for sourcing, transporting, and processing diverse agricultural commodities. Its operations require handling intricate supply chains while addressing the diverse needs of the market.

Since the start of 2024, Archer-Daniels-Midland Company (NYSE:ADM) has declined by nearly 29%. Moreover, the company fell short of investor expectations with its recent quarterly earnings. In the third quarter of 2024, it posted $20 billion in revenue, reflecting an 8% decline compared to the same period last year and missing analysts’ estimates by $1.57 billion. Looking ahead, the company anticipates weaker market conditions in the coming year but is implementing measures to enhance performance and create value. It also prioritizes productivity improvements, operational efficiency, and a disciplined approach to capital allocation.

Despite facing challenges, Archer-Daniels-Midland Company (NYSE:ADM) continued to generate strong cash flow. In the first nine months of the year, it reported an operating cash flow of about $2.5 billion, an increase from $1.9 billion during the same period last year. The company also stands out as one of the cash-rich stocks, boasting 51 consecutive years of dividend growth. It currently offers a quarterly dividend of $0.50 per share and has a dividend yield of 3.87%, as of December 16.

Of the 900 hedge funds tracked by Insider Monkey at the end of Q3 2024, 34 funds held stakes in Archer-Daniels-Midland Company (NYSE:ADM), compared with 35 in the previous quarter. These stakes are collectively valued at over $556.5 million.