Top 7 Agriculture Dividend Stocks

This article was originally published on this site

Agriculture dividend stocks are equities of companies engaged in some aspect of agribusiness and which pay out regular dividends. Agribusiness includes: farmers that raise animals and harvest fruits and vegetables, farm equipment manufacturers, processing plants that clean and package livestock for shipping, and chemical producers that develop crop fertilizers. Companies with a history of paying stable dividends at regular intervals tend to be more established and at a more mature stage of their growth cycle, allowing them to return more of their earnings to shareholders. For investors, these companies can provide a stable source of dividend income even if their stock prices decline sharply with the overall market, which has happened in recent months. However, dividends are not necessarily guaranteed, especially in difficult economic times, such as a bear market or recession. Established companies may cut dividend payments if cash is running low.

Here are the top 7 agriculture stocks with the highest dividend yields, which is the ratio of the company’s annual dividend to the company’s share price. That ratio is expressed as a percent. The numbers below are as of March 24.

  • Dividend Yield: 7.55%
  • Price: $15.24
  • Market Cap: $7.9 billion
  • 1-Year Trailing Total Return: -31.4%
  • Dividend Frequency: Quarterly

Mowi ASA is a Norway-based seafood company that produces and supplies farmed salmon products worldwide. Some of those products include whole gutted fish, fillets, steaks, kebabs, and more.

  • Dividend Yield: 6.20%
  • Price: CA$37.52
  • Market Cap: CA$21.4 billion
  • 1-Year Trailing Total Return: -42.7%
  • Dividend Frequency: Quarterly

Nutrien is a Canada-based crop nutrient producer and distributor of potash, nitrogen, and phosphate products to agricultural, industrial, and feed customers worldwide. The company announced in January that is has agreed to acquire Agrosema Comercial Agricola Ltda., an agriculture retailer in the southern Brazil crop input market.

  • Yield: 6.16%
  • Price: $2.97
  • Market Cap: $3.8 billion
  • 1-Year Trailing Total Return: -39.8%
  • Dividend Frequency: Quarterly

Israel Chemicals is an Israel-based specialty minerals and chemicals company. The company produces a variety of different potash- and phosphate-based fertilizer products, flame retardants, food additives, and more. Israel Chemicals announced in February that is has acquired Growers Holdings Inc., an innovator in the field of process and data-driven farming.

  • Dividend Yield: 6.11%
  • Price: $32.74
  • Market Cap: $4.6 billion
  • 1-Year Trailing Total Return: -34.3%
  • Dividend Frequency: Quarterly

Bunge is an agribusiness and food company engaged in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products. The company is especially focused on edible oil products, milling products, the exportation of sugar, and the production of a range of different nitrogen, phosphate, and potassium fertilizers.

  • Dividend Yield: 5.44%
  • Price: $22.04
  • Market Cap: $4.8 billion
  • 1-Year Trailing Total Return: -41.9%
  • Dividend Frequency: Quarterly

CF Industries manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its fertilizer products include ammonia, granular urea, urea ammonium nitrate solution (UAN), and ammonium nitrate (AN).

  • Dividend Yield: 4.81%
  • Price: $29.31
  • Market Cap: $16.4 billion
  • 1-Year Trailing Total Return: -28.9%
  • Dividend Frequency: Quarterly

Archer-Daniels Midland procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients worldwide. The company processes oilseeds, corn, milo, oats, barley, peanuts, wheat, and more.

  • Dividend Yield: 3.06%
  • Price: $2.38
  • Market Cap: $15.1 billion
  • 1-Year Trailing Total Return: 3.6%
  • Dividend Frequency: Semi-Annually

Wilmar International is a Singapore-based agribusiness company engaged in oil palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, as well as the manufacture of consumer products, specialty fats, biodiesel, fertilizers, and more. The company reported net profit growth of 119.9% on revenue growth of just 0.5% in Q4 2019 compared to the same quarter a year ago.

Source: Investopedia

Powered by WPeMatico