3 High-Yield Ethanol Stocks

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 |  Includes: ADM, ANDE, BG
by: Stockerblog

A company called Qteros, which is backed by George Soros, has developed a process to use microbes to create enzymes that more efficiently change plant waste to ethanol. The company has just entered into a joint venture with India-based Praj Industries. Qteros is privately held, but there are plenty of other companies involved in ethanol production and products which are publicly traded, over 15 of which pay dividends according to WallStreetNewsNetwork.com. Here are a few examples.

Archer Daniels Midland (NYSE:ADM) has a corn processing division which produces ethanol from corn. The stock has a price to earnings ratio of 10.3, a forward P/E of 9.3 and a yield of 2%. Although revenues were up 12.6% for the latest quarter, earnings were down 30.4%.

The Andersons (NASDAQ:ANDE), an Ohio-based company, is involved in the management of ethanol production facilities and grain and ethanol trading. The stock has a P/E of 12.8, forward P/E of 11.3 and a yield of 1.2%. Earnings for the latest quarter were up 11.5%.

Bunge Ltd. (NYSE:BG) is a White Plains, N.Y. company founded in 1818 that produces ethanol from sugarcane. The stock has a P/E of 4.9, a forward P/E of 12.3 and a yield of 1.4%. Earnings for the latest quarter were down 8.6%.

Disclosure: Author did not own any of the above at the time the article was written.