The Andersons, Inc. (ANDE) to Issue Quarterly Dividend of $0.20 on April 22nd

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Wednesday, February 12th, RTT News reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.195 per share by the basic materials company on Tuesday, April 22nd. This represents a $0.78 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Tuesday, April 1st.

Andersons has raised its dividend payment by an average of 2.8% 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 18.2% meaning its dividend is sufficiently covered by earnings.

Andersons Trading Down 1.4 %

Shares of NASDAQ ANDE opened at $43.26 on Friday. Andersons has a 12-month low of $39.25 and a 12-month high of $61.46. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 13.03 and a beta of 0.48. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $42.48 and its 200 day simple moving average is $44.88.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.34. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.72 billion. Equities research analysts expect that Andersons will post 3.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ANDE shares. Stephens reiterated an “overweight” rating and issued a $55.00 price target on shares of Andersons in a research report on Wednesday, February 19th. StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th.

Insider Transactions at Andersons

In other news, VP Weston Heide sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $38,400.00. Following the sale, the vice president now owns 16,104 shares in the company, valued at $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is owned by 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.