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

The Andersons, Inc. (NASDAQ:ANDE) declared a quarterly dividend on Thursday, February 12th. Investors of record on Wednesday, April 1st will be paid a dividend of 0.20 per share by the basic materials company on Wednesday, April 22nd. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, April 1st.

Andersons has decreased its dividend 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 dividend payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings.

Andersons Price Performance

NASDAQ:ANDE opened at $68.04 on Friday. The firm’s fifty day moving average is $57.49 and its two-hundred day moving average is $48.14. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 31.92 and a beta of 0.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.47. Andersons has a one year low of $31.03 and a one year high of $70.06.

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.