Bunge Global SA (BG) to Issue Quarterly Dividend of $0.68 on March 4th

Bunge Global SA (NYSE:BG) declared a quarterly dividend on Tuesday, May 7th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.68 per share by the basic materials company on Tuesday, March 4th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, February 18th.

Bunge Global has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bunge Global to earn $9.37 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 28.3%.

Bunge Global Stock Performance

Shares of NYSE:BG opened at $70.54 on Friday. Bunge Global has a twelve month low of $67.40 and a twelve month high of $114.92. The firm has a market cap of $9.85 billion, a PE ratio of 8.73 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.15. The business has a fifty day moving average of $77.63 and a 200-day moving average of $88.18.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. On average, equities research analysts predict that Bunge Global will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays lowered their target price on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Morgan Stanley lowered their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Stephens lowered their price objective on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Bank of America lowered their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

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.