3 Under The Radar Dividend Stocks In Agriculture As $20B From Biden Inflation Bill Flows To Farms

Zinger Key Points
  • Archer-Daniels Midland has an amazing track record of raising its dividends over the past 49 years.
  • Bunge is forecasting full-year 2022 adjusted EPS of at least $12 per share.
3 Under The Radar Dividend Stocks In Agriculture As $20B From Biden Inflation Bill Flows To Farms

Now that President Joe Biden signed the Inflation Reduction Act, the agriculture industry is anticipating roughly $20 billion in subsidies over the span of 10 years to encourage farmers and ranchers into using environmentally friendly practices to reduce carbon emissions.

Although inflation remained unchanged for the month of July at 8.5% over the past twelve months, the food at home index increased 1.1% in July, causing Americans to spend more for less when grocery shopping for their families.

One simple way to earn a passive income is to purchase dividend stocks benefiting from the surplus of demand in the agricultural sector, partially driven by the impact of the Russia-Ukraine war.

Scotts Miracle-Gro

The Scotts Miracle-Gro Company SMG is offering a dividend yield of 3.22% or $2.64 per share annually with quarterly payments, with a notable track record of raising its dividends over the past 13 years. Scotts Miracle-Gro is the largest provider of gardening and lawn care products in the United States and has a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, Scotts, and as of recently cannabis-growing equipment through its Hawthorne business.

Scotts third quarter sales decreased by 26% or $1.19 billion, which was primarily driven by a decline of 63% in its Hawthorne segment, while U.S. consumer segment sales fell by 14%.

Go To: Biden Inflation Bill Isn't All Alternative Energy: $20B Goes To Farms. Here's Why

Bunge

Bunge Limited BG is offering a dividend yield of 2.48% or $2.50 per share annually utilizing quarterly payments, with a decent track record of raising its dividends over the past two years. Bunge Limited is a global agribusiness and food company with operations along the farm-to-consumer food chain, with its agribusiness segment generating roughly two thirds of profits and includes the largest oilseed processing capacity globally.

Bunge is forecasting full-year 2022 adjusted EPS of at least $12 per share, as its agribusiness is expected to be slightly higher than the company's previous outlook, but will remain down from last year due to a lower than expected performance in merchandising.

Archer-Daniels Midland

Archer-Daniels Midland Company ADM is offering a dividend yield of 1.83% or $1.60 per share annually, making quarterly payments, with an amazing track record of raising its dividends over the past 49 years. Archer-Daniels Midland is a premier global human and animal nutrition company and a major processor of oilseeds, corn, wheat, corn-based sweeteners, starches, and ethanol while operating an extensive network of logistical assets to store and transport crops around the globe.

“Looking forward, we expect the combination of our strategic actions and continued good demand for our products to propel very strong earnings in the second half of 2022, with strong cash flows enabling us to accelerate approximately $1 billion in share repurchases into the back half of the year”, said Chairman and CEO Juan Luciano.

Photo: Courtesy of Gage Skidmore on flickr

 

Posted In: Agriculture dividend stocksHigh-Yield Agriculture StocksInflation Reduction Act of 2022Stocks to benefit from subsidiesLarge CapMid CapNewsDividendsCommoditiesPoliticsMarketsGeneral

11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.

 

Featured image sourced from Shutterstock

Posted In: Partner ContentGeneral