Bunge raises quarterly dividend rate 13%

by Josh Sosland
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WHITE PLAINS, N.Y. — Bunge Ltd. on May 22 declared a regular quarterly dividend of 34c per share on the common stock. The payout represents an increase of 13% from the previous dividend of 30c. Bunge has raised its dividend each year since 2002, the year following its initial public offering. At 34c per share, or $1.36 per year, the dividend would equate to a 1.8% yield, based on a share price of $75.77 in early New York Stock Exchange trading May 23. Bunge said the 34c dividend is payable Sept. 2 to shareholders of record Aug. 19.
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