The Andersons, Inc. Announces Quarterly Dividend of $0.19 (NASDAQ:ANDE)

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Investors of record on Monday, July 1st will be given a dividend of 0.19 per share by the basic materials company on Monday, July 22nd. This represents a $0.76 annualized dividend and a yield of 1.53%. The ex-dividend date is Monday, July 1st.

Andersons has raised its dividend payment by an average of 2.1% per year over the last three years and has increased its dividend every year for the last 26 years. Andersons has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Andersons to earn $3.26 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 23.3%.

Andersons Stock Performance

NASDAQ:ANDE opened at $49.60 on Friday. The stock’s 50-day simple moving average is $52.20 and its 200 day simple moving average is $53.87. The firm has a market capitalization of $1.69 billion, a PE ratio of 14.01 and a beta of 0.60. The company has a quick ratio of 1.13, a current ratio of 2.04 and a debt-to-equity ratio of 0.38. Andersons has a twelve month low of $44.85 and a twelve month high of $61.46.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter. The business had revenue of $2.72 billion for the quarter. Andersons had a return on equity of 7.93% and a net margin of 0.89%. On average, analysts anticipate that Andersons will post 2.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.50.

Insider Activity

In other news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the sale, the director now directly owns 209,968 shares of the company’s stock, valued at $12,388,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Patrick E. Bowe sold 3,387 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $60.01, for a total transaction of $203,253.87. Following the completion of the transaction, the chief executive officer now directly owns 85,159 shares in the company, valued at $5,110,391.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Anderson sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the transaction, the director now owns 209,968 shares of the company’s stock, valued at $12,388,112. The disclosure for this sale can be found here. 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.