The Andersons, Inc. (ANDE) to Issue Quarterly Dividend of $0.19 on July 22nd

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Stockholders of record on Monday, July 1st will be paid 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 dividend yield of 1.53%. The ex-dividend date is Monday, July 1st.

Andersons has raised its dividend payment by an average of 2.1% annually over the last three years and has raised its dividend annually for the last 26 consecutive years. Andersons has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. 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 50 day simple moving average of $52.20 and a 200-day simple moving average of $53.86. The company has a market capitalization of $1.69 billion, a P/E ratio of 14.01 and a beta of 0.60. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.04 and a quick ratio of 1.13. Andersons has a 1 year low of $44.85 and a 1 year high of $61.46.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $2.72 billion during the quarter. Andersons had a net margin of 0.89% and a return on equity of 7.93%. On average, equities research analysts predict that Andersons will post 2.65 earnings per share for the current year.

Insider Activity at Andersons

In related news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Andersons news, CEO Patrick E. Bowe sold 3,387 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following the completion of the transaction, the chief executive officer now owns 85,159 shares of the company’s stock, valued at approximately $5,110,391.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.50.

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.