The Andersons, Inc. (NASDAQ:ANDE) to Issue $0.20 Quarterly Dividend

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Thursday, June 18th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.20 per share by the basic materials company on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, July 1st.

Andersons has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 28 years. Andersons has a dividend payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings.

Andersons Price Performance

Shares of ANDE opened at $71.22 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $72.64 and its two-hundred day moving average is $65.61. Andersons has a twelve month low of $31.84 and a twelve month high of $82.11. The firm has a market capitalization of $2.43 billion, a PE ratio of 18.94 and a beta of 0.64.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.42. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.71 billion. Andersons had a return on equity of 10.68% and a net margin of 1.17%.The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS.

Andersons Company Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.