ADM Announces Increase in Cash Dividend, Election of Directors at Annual Meeting

03.11.2011  |  Business Wire

Archer Daniels Midland Company (NYSE: ADM) announced today at its 88th
Annual Stockholders′ Meeting that it increased its quarterly cash
dividend from 16 cents per share to 17.5 cents per share. The company
also elected members of its Board of Directors.

Cash Dividend Increased

The Board of Directors of ADM declared a cash dividend of 17.5 cents per
share on the company′s common stock payable Dec. 8, 2011, to
Stockholders of record Nov. 17, 2011.

This is ADM′s 320th consecutive quarterly payment, a record of 80 years
of uninterrupted dividends. As of Sept. 30, 2011, there were 667,932,954
shares of ADM stock outstanding.

'We are increasing our dividend to reflect the earnings growth we have
experienced during the past fiscal year and our commitment to deliver
returns to our shareholders for both the near term and the long term,?
said Chairman, CEO and President Patricia A. Woertz. 'We have a strong
balance sheet to support this increase and we are confident we have a
solid foundation to drive long-term earnings growth for our company.?

Election of the Board of Directors

ADM also announced the election to its Board of Directors of Terrell K.
Crews as well as the re-election of George W. Buckley, Mollie Hale
Carter, Pierre Dufour, Donald E. Felsinger, Antonio Maciel Neto, Patrick
J. Moore, Thomas F. O′Neill, Kelvin R. Westbrook and Patricia A. Woertz.

About ADM

For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve vital needs.
Today, 30,000 ADM employees around the globe convert oilseeds, corn,
wheat and cocoa into products for food, animal feed, chemical and energy
uses. With more than 265 processing plants, 400 crop procurement
facilities, and the world′s premier crop transportation network, ADM
helps connect the harvest to the home in more than 160 countries. For
more information about ADM and its products, visit www.adm.com.