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

The Andersons, Inc. (NASDAQ:ANDE) declared 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 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, July 1st.

Andersons has increased its dividend payment by an average of 2.1% per year over the last three years and has increased its dividend annually for the last 26 consecutive years. Andersons has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.5 %

Shares of NASDAQ:ANDE opened at $49.60 on Friday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 14.01 and a beta of 0.60. Andersons has a fifty-two week low of $44.85 and a fifty-two week high of $61.46. The firm’s 50-day simple moving average is $52.20 and its 200-day simple moving average is $53.86. 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 (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.16 EPS for the quarter. Andersons had a return on equity of 7.93% and a net margin of 0.89%. The business had revenue of $2.72 billion during the quarter. As a group, equities research analysts predict that Andersons will post 2.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Andersons

In other news, Director Michael J. Anderson sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the transaction, the director now directly owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related 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 completion of the sale, the director now owns 209,968 shares in the company, valued at approximately $12,388,112. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick E. Bowe sold 3,387 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were 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 of the company’s stock, valued at approximately $5,110,391.59. 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.