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

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Thursday, February 12th. Stockholders of record on Wednesday, April 1st will be paid a dividend of 0.20 per share by the basic materials company on Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, April 1st.

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

Andersons Trading Down 0.9%

ANDE opened at $68.04 on Friday. The stock has a market capitalization of $2.30 billion, a PE ratio of 31.92 and a beta of 0.77. Andersons has a one year low of $31.03 and a one year high of $70.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.47. The business’s 50 day moving average price is $57.49 and its 200 day moving average price is $48.14.

Insider Buying and Selling

In other Andersons news, Director John T. Stout, Jr. sold 12,500 shares of Andersons stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $51.77, for a total value of $647,125.00. Following the completion of the transaction, the director directly owned 33,441 shares of the company’s stock, valued at $1,731,240.57. The trade was a 27.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Andersons

Large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC purchased a new position in Andersons in the 3rd quarter valued at approximately $30,000. Optima Capital LLC acquired a new stake in shares of Andersons in the fourth quarter valued at $32,000. Larson Financial Group LLC boosted its holdings in Andersons by 33,600.0% in the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,008 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Andersons by 95.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Andersons by 34.8% during the 4th quarter. GAMMA Investing LLC now owns 1,266 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 327 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

About Andersons

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.