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

The Andersons, Inc. (NASDAQ:ANDE) declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Thursday, October 1st will be given a dividend of 0.20 per share by the basic materials company on Thursday, October 22nd. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 1st.

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

Andersons Price Performance

Shares of ANDE stock opened at $67.32 on Friday. The business’s fifty day moving average is $70.88 and its 200 day moving average is $70.61. The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 13.00 and a beta of 0.66. Andersons has a twelve month low of $37.69 and a twelve month high of $82.11.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Monday, August 3rd. The basic materials company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.67. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.28 billion. Andersons had a return on equity of 16.23% and a net margin of 1.62%.The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 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.