Bunge Global SA (NYSE:BG) to Issue Quarterly Dividend of $0.68

Bunge Global SA (NYSE:BG) announced a quarterly dividend on Monday, April 22nd,NASDAQ Dividends reports. Investors of record on Monday, November 18th will be given a dividend of 0.68 per share by the basic materials company on Monday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Monday, November 18th.

Bunge Global has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bunge Global to earn $9.01 per share next year, which means the company should continue to be able to cover its $2.65 annual dividend with an expected future payout ratio of 29.4%.

Bunge Global Stock Up 2.9 %

BG traded up $2.54 during trading on Friday, reaching $90.60. The stock had a trading volume of 3,252,661 shares, compared to its average volume of 1,570,274. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 11.47 and a beta of 0.67. The stock’s 50 day moving average is $93.00 and its two-hundred day moving average is $100.34. Bunge Global has a one year low of $82.18 and a one year high of $114.92.

Wall Street Analyst Weigh In

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average price target of $118.00.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.