The Andersons, Inc. (NASDAQ:ANDE) Raises Dividend to $0.20 Per Share

The Andersons, Inc. (NASDAQ:ANDE) declared a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Shareholders of record on Thursday, January 2nd will be paid a dividend of 0.195 per share by the basic materials company on Thursday, January 23rd. This represents a $0.78 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Andersons’s previous quarterly dividend of $0.19.

Andersons has raised its dividend 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 dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Andersons to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 23.6%.

Andersons Trading Down 3.6 %

ANDE traded down $1.61 during midday trading on Monday, hitting $43.38. The company’s stock had a trading volume of 260,746 shares, compared to its average volume of 178,830. The firm has a market cap of $1.48 billion, a P/E ratio of 12.85 and a beta of 0.57. Andersons has a 52-week low of $41.76 and a 52-week high of $61.46. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $47.41 and a two-hundred day moving average price of $48.82.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm posted $0.13 earnings per share. Andersons’s revenue was down 27.9% on a year-over-year basis. On average, research analysts anticipate that Andersons will post 2.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stephens upgraded Andersons to a “strong-buy” rating in a report on Monday, December 2nd. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Insider Buying and Selling

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, the insider now owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.10% of the stock is currently owned by corporate insiders.

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.