The Andersons, Inc. (ANDE) To Go Ex-Dividend on October 1st

The Andersons, Inc. (NASDAQ:ANDE) declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.20 per share by the basic materials company on Thursday, October 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, October 1st.

Andersons has increased its dividend payment by an average of 0.0%per year 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

Andersons stock opened at $68.06 on Friday. The stock has a market capitalization of $2.32 billion, a P/E ratio of 13.14 and a beta of 0.66. The company’s fifty day moving average price is $70.80 and its 200 day moving average price is $70.59. 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.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, August 3rd. The basic materials company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.67. Andersons had a net margin of 1.62% and a return on equity of 16.23%. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the business posted $0.24 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis.

Wall Street Analyst Weigh In

ANDE has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Andersons from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. The Goldman Sachs Group lowered Andersons to a “buy” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Andersons in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Benchmark restated a “buy” rating on shares of Andersons in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $95.00.

Andersons Company Profile

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.