Archer-Daniels-Midland Company (NYSE:ADM) discloses an ongoing investigation into the company's intersegment sales and its impact on financial reporting.
The company noted this investigation is a demonstration of its commitment to transparency and integrity, emphasizing that these intersegment sales do not materially affect their overall results.
Despite the investigation delaying the closing of their financial results. ADM remains optimistic, projecting to report the second-best earnings result in its history, with an expected adjusted earnings per share of above $6.90.
This robust performance is supported by a declared cash dividend of 50 cents per share, reinforcing the company’s commitment to dividend growth.