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

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) declared a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Stockholders of record on Thursday, January 2nd will be paid a dividend of 0.195 per share by the basic materials company on Thursday, January 23rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Andersons's previous quarterly dividend of $0.19.

Andersons has raised its dividend by an average of 2.1% annually over the last three years and has raised its dividend annually for the last 26 consecutive years. Andersons has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Andersons to earn $3.30 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 23.6%.

Andersons Trading Down 2.7 %

Shares of Andersons stock traded down $1.22 on Monday, hitting $43.77. The stock had a trading volume of 494,049 shares, compared to its average volume of 179,942. The stock has a 50 day moving average of $47.28 and a 200 day moving average of $48.77. The firm has a market capitalization of $1.49 billion, a P/E ratio of 12.51 and a beta of 0.57. Andersons has a twelve month low of $41.76 and a twelve month 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.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.37. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $0.13 EPS. Andersons's revenue for the quarter was down 27.9% compared to the same quarter last year. Sell-side analysts expect that Andersons will post 2.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now owns 49,601 shares of the company's stock, valued at $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on ANDE shares. Stephens upgraded shares of Andersons to a "strong-buy" rating in a report on Monday, December 2nd. StockNews.com upgraded shares of Andersons from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th.

About Andersons

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.