date:Dec 19, 2013
ically, we have paid out approximately 20% to 25% of earnings; going forward we will aim for a range of 25% to 30%, thereby allowing shareholders to participate more directly in the earnings stream of the company.
ADMs share price opened at $40.44 on Dec. 16 and climbed as high as $41.66 on Dec. 17, the day after the announcement.
The company also announced that it intends to buy back from its shareholders 18 million shares of its stock by the end of 2014 to fully mitigate the dilutive impact