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

The Andersons, Inc. (NASDAQ:ANDE) declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.20 per share by the basic materials company on Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, July 1st.

Andersons has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 28 years. Andersons has a payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings.

Andersons Stock Performance

Andersons stock opened at $71.08 on Monday. The firm’s 50 day simple moving average is $72.33 and its 200-day simple moving average is $66.45. The company has a market cap of $2.42 billion, a P/E ratio of 18.90 and a beta of 0.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.62. Andersons has a fifty-two week low of $31.84 and a fifty-two week high of $82.11.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.70 by $0.42. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.71 billion. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS.

Andersons Company Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.