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

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 dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance

BG opened at $90.60 on Friday. The business has a fifty day simple moving average of $93.00 and a 200-day simple moving average of $100.34. The firm has a market cap of $12.65 billion, a PE ratio of 11.47 and a beta of 0.67. 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 fifty-two week low of $82.18 and a fifty-two week high of $114.92.

Analysts Set New Price Targets

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