Cargill Inc., the top privately owned company in America, paid its family owners a record dividend in its 2020 fiscal year after profit surged on the back of volatile agricultural markets.
The company reported net income of $3 billion in its fiscal year through May, up 17% from the previous year and its fourth-highest ever, according to audited accounts reviewed by Bloomberg News. Cargill, the world’s largest agricultural commodity trader, broke with a two-decade tradition earlier this year and stopped releasing its results publicly. Still, the company shares financial results with its bankers and others.
