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

The Andersons, Inc. (NASDAQ:ANDE – Get Free Report) announced a quarterly dividend on Thursday, August 20th. Shareholders 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 yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 1st.

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

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Andersons Stock Down 0.6%

Shares of NASDAQ:ANDE opened at $67.32 on Friday. The company’s fifty day moving average is $70.88 and its two-hundred day moving average is $70.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.51. Andersons has a 1-year low of $37.69 and a 1-year high of $82.11. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 13.00 and a beta of 0.66.

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

Andersons Company Profile

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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.

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