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

Bunge Global SA (NYSE:BG) declared a quarterly dividend on Monday, April 22nd,NASDAQ Dividends reports. Shareholders 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 yield of 3.00%. The ex-dividend date is Monday, November 18th.

Bunge Global has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 2.9 %

Shares of NYSE:BG opened at $90.60 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. Bunge Global has a 12-month low of $82.18 and a 12-month high of $114.92. The firm has a fifty day moving average of $93.00 and a two-hundred day moving average of $100.34. The firm has a market capitalization of $12.65 billion, a P/E ratio of 11.47 and a beta of 0.67.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and lowered their target price for the company from $125.00 to $114.00 in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Company Profile

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.