Andersons Inc (NASDAQ:ANDE) to Issue Quarterly Dividend of $0.17

Andersons Inc (NASDAQ:ANDE) declared a quarterly dividend on Monday, May 13th, Wall Street Journal reports. Shareholders of record on Monday, July 1st will be given a dividend of 0.17 per share by the basic materials company on Monday, July 22nd. This represents a $0.68 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, June 28th.

NASDAQ:ANDE opened at $27.33 on Thursday. The firm has a 50-day moving average of $27.92. The company has a quick ratio of 0.59, a current ratio of 1.30 and a debt-to-equity ratio of 1.04. Andersons has a 12 month low of $26.09 and a 12 month high of $41.70. The stock has a market capitalization of $896.03 million, a price-to-earnings ratio of 19.69 and a beta of 1.34.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.33). Andersons had a net margin of 0.65% and a return on equity of 4.34%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the business earned ($0.06) earnings per share. The company’s revenue for the quarter was up 227.1% compared to the same quarter last year.

Several research analysts have commented on ANDE shares. TheStreet lowered Andersons from a “b” rating to a “c” rating in a research report on Tuesday, May 7th. BidaskClub lowered Andersons from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Buckingham Research set a $30.00 price objective on Andersons and gave the company a “hold” rating in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.00.

About Andersons

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

See Also: Trading Ex-Dividend

Dividend History for Andersons (NASDAQ:ANDE)

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