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DECATUR, Ill., Dec 16, 2013 (BUSINESS WIRE) -- Archer Daniels Midland Company
(NYSE: ADM) today announced that, as a result of strong operating cash flows and
expected improvements in its earnings for 2014, its Board of Directors has voted
to raise the company's regular quarterly cash
dividend from 19.0 cents per share to 24.0 cents per share, or 26 percent, on
the company's common stock payable March 13, 2014, to
stockholders of record at the close of business on Feb. 20, 2014.

"Our continued strong cash flow generation and our
confidence in the future earnings power of our company allow us to significantly
increase our quarterly dividend," said Patricia
Woertz, ADM's chairman and CEO.
"Historically, we have paid out approximately 20 to 25
percent of earnings; going forward we will aim for a range of 25 to 30 percent,
thereby allowing shareholders to participate more directly in the earnings
stream of the company."

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 of equity units converted in 2011 and compensation and benefit plan
issuances in 2013 and 2014. At current prices, this would represent about $725
million. To the extent that ADM's credit metrics
improve throughout the year and the company receives significant proceeds from
asset sales, the company will consider further distributions to shareholders
later in 2014 in the context of its capital allocation strategy.

Woertz also provided some detail on the company's
2014 business plans, noting that from the cash flows to be generated in 2014, it
expects to invest about $1.4 billion in capital projects, with the majority of
the growth capital invested outside the U.S., and will return about $1.4 billion
to shareholders in the form of the higher dividends and the repurchase of 18
million shares.
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