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

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Thursday, October 1st will be paid 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 is Thursday, October 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 payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings.

Andersons Trading Down 0.6%

Shares of NASDAQ:ANDE opened at $67.32 on Friday. The business’s 50-day moving average is $70.88 and its 200 day moving average is $70.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.81. Andersons has a 1 year low of $37.69 and a 1 year high of $82.11. The firm has a market capitalization of $2.29 billion, a P/E ratio of 13.00 and a beta of 0.66.

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

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.