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

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Tuesday, April 1st will be paid a dividend of 0.195 per share by the basic materials company on Tuesday, April 22nd. This represents a $0.78 annualized dividend and a yield of 1.92%. The ex-dividend date is Tuesday, April 1st.

Andersons has increased its dividend payment by an average of 2.8% annually over the last three years and has increased its dividend annually for the last 27 consecutive years. Andersons has a payout ratio of 15.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Andersons to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 25.1%.

Andersons Stock Performance

Shares of Andersons stock traded down $0.25 during trading on Friday, hitting $40.55. 229,502 shares of the company's stock were exchanged, compared to its average volume of 213,148. Andersons has a 52-week low of $39.25 and a 52-week high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.59 and a beta of 0.58. The business has a 50-day simple moving average of $42.02 and a 200-day simple moving average of $46.16.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ANDE. Stephens reissued an "overweight" rating and issued a $60.00 price target on shares of Andersons in a report on Thursday, January 2nd. StockNews.com upgraded shares of Andersons from a "hold" rating to a "buy" rating in a research note on Wednesday.

Insider Activity

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now owns 49,601 shares of the company's stock, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.10% of the company's stock.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.