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Archer Daniels Midland Co Approves Change To Calendar-Year Financial Reporting; Declares Cash Dividend


Thursday, 3 May 2012 03:00pm EDT 

Archer Daniels Midland Co (ADM) announced that its Board of Directors approved a change to calendar-year financial reporting, effective Jan. 1, 2013. Historically, ADM has operated on a June 30 fiscal year-end, primarily driven by the U.S. crop year. To accommodate the change, ADM will have an abbreviated fiscal year from July 1, 2012, to Dec. 31, 2012. ADM’s Board of Directors also declared a cash dividend of $0.175 per share on the company’s common stock payable June 7, 2012, to stockholders of record May 17, 2012. 

Company Quote

35.0
0.84 +2.46%
17 May 2013