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

The Andersons, Inc. (NASDAQ:ANDE) declared a quarterly dividend on Thursday, June 18th. Shareholders 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 increased 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% indicating that its dividend is sufficiently covered by earnings.

Andersons Stock Up 3.6%

Shares of NASDAQ ANDE opened at $71.22 on Friday. Andersons has a 12-month low of $31.84 and a 12-month high of $82.11. The company has a market capitalization of $2.43 billion, a PE ratio of 18.94 and a beta of 0.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.62. The firm’s 50-day moving average is $72.64 and its two-hundred day moving average is $65.61.

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

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.