Bunge Limited (BG) Board of Directors has approved a 10.5% increase in the regular quarterly cash dividend, from $0.19 to $0.21 per common share. The new dividend is payable on September 2, 2009 to shareholders of record on August 19, 2009.
The dividend has grown from .095 cents a share in Feb.2002 to $0.21 cents a share with this new announcement. I place a book value on this company at approx. $59.60 a share with $4.08 a share cash on hand. Low debt.
Disclosure I am long BG shares at this time. This article Was written by Dividend Basket.
Bunge is an excellent company.
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