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

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Thursday, August 15th, Zacks reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.19 per share by the basic materials company on Tuesday, October 22nd. This represents a $0.76 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, October 1st.

Andersons has increased its dividend payment by an average of 2.1% annually over the last three years and has raised its dividend every year for the last 26 years. Andersons has a dividend payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings.

Andersons Price Performance

Shares of ANDE opened at $50.08 on Friday. Andersons has a 12 month low of $44.65 and a 12 month high of $61.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44. The stock has a fifty day moving average price of $49.71 and a 200 day moving average price of $51.82. The company has a market cap of $1.71 billion, a P/E ratio of 14.15 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.04). Andersons had a net margin of 0.83% and a return on equity of 6.99%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the firm posted $1.52 EPS. The business’s revenue was down 30.5% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a research report on Wednesday.

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.