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

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Thursday, August 15th, Zacks reports. Investors of record on Tuesday, October 1st will be given 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 yield of 1.52%. The ex-dividend date of this dividend is Tuesday, October 1st.

Andersons has raised its dividend payment by an average of 2.1% per year 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% meaning its dividend is sufficiently covered by earnings.

Andersons Price Performance

ANDE stock opened at $50.08 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. Andersons has a 52-week low of $44.65 and a 52-week high of $61.46. The company has a market capitalization of $1.71 billion, a P/E ratio of 14.15 and a beta of 0.57. The company has a fifty day moving average price of $49.71 and a 200-day moving average price of $51.80.

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

Analysts Set New Price Targets

Separately, StockNews.com cut Andersons from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th.

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.