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

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) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, July 1st.

Andersons has raised its dividend payment by an average of 0.0%annually over the last three years and has raised 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 Stock Up 3.6%

ANDE opened at $71.22 on Friday. The business’s 50-day simple moving average is $72.64 and its 200-day simple moving average is $65.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 1.37. Andersons has a one year low of $31.84 and a one year high of $82.11. The stock has a market capitalization of $2.43 billion, a P/E ratio of 18.94 and a beta of 0.64.

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

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.