Andersons Inc (NASDAQ:ANDE) declared a quarterly dividend on Monday, February 26th, Wall Street Journal reports. Stockholders of record on Monday, April 2nd will be given a dividend of 0.165 per share by the basic materials company on Monday, April 23rd. This represents a $0.66 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, March 29th.
Andersons has increased its dividend by an average of 8.9% per year over the last three years and has increased its dividend every year for the last 3 years. Andersons has a payout ratio of 74.2% meaning its dividend is sufficiently covered by earnings.
Andersons (NASDAQ ANDE) traded up $0.05 during midday trading on Monday, hitting $35.05. The stock had a trading volume of 134,806 shares, compared to its average volume of 151,732. The company has a market cap of $992.46, a P/E ratio of 23.97 and a beta of 1.28. The company has a current ratio of 1.35, a quick ratio of 0.47 and a debt-to-equity ratio of 0.51. Andersons has a 52-week low of $29.60 and a 52-week high of $40.85.
Several equities analysts have recently weighed in on the company. Buckingham Research downgraded Andersons from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. BMO Capital Markets cut their target price on Andersons from $39.00 to $34.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised Andersons from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Andersons presently has an average rating of “Hold” and an average target price of $34.50.
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.
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