Bunge Limited (NYSE:BG) declared a quarterly dividend on Tuesday, August 8th, RTT News reports. Shareholders of record on Monday, November 20th will be paid a dividend of 0.46 per share on Monday, December 4th. This represents a $1.84 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, November 17th.
Bunge Limited has increased its dividend payment by an average of 12.0% annually over the last three years and has increased its dividend every year for the last 15 years. Bunge Limited has a dividend payout ratio of 56.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bunge Limited to earn $4.97 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 37.0%.
Bunge Limited (NYSE BG) opened at C$67.15 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82. Bunge Limited has a 52-week low of C$63.96 and a 52-week high of C$83.75. The firm has a market capitalization of $9,441.89, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06.
Bunge Limited (NYSE:BG) last issued its earnings results on Wednesday, November 1st. The company reported C$0.75 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.04). Bunge Limited had a return on equity of 6.68% and a net margin of 1.06%. The firm had revenue of C$11.42 billion during the quarter, compared to analyst estimates of C$11.87 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. sell-side analysts anticipate that Bunge Limited will post 3.24 earnings per share for the current year.
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A number of brokerages have recently commented on BG. Zacks Investment Research raised Bunge Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Piper Jaffray Companies reissued a “buy” rating and set a $84.00 price objective on shares of Bunge Limited in a report on Friday, July 21st. Credit Suisse Group set a $90.00 price objective on Bunge Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. BidaskClub lowered Bunge Limited from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Vertical Group lowered Bunge Limited from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$81.86.
Bunge Limited Company Profile
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.
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