The Andersons, Inc. (NASDAQ:ANDE) Declares $0.19 Quarterly Dividend

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

Andersons has raised its dividend payment 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 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 %

NASDAQ ANDE opened at $49.60 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $52.20 and its two-hundred day moving average is $53.87. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 14.01 and a beta of 0.60. Andersons has a 1-year low of $44.85 and a 1-year high of $61.46.

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

Insiders Place Their Bets

In other Andersons news, Director Michael J. Anderson sold 3,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the transaction, the director now owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Andersons news, Director Michael J. Anderson sold 3,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the transaction, the director now owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Patrick E. Bowe sold 3,387 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $60.01, for a total value of $203,253.87. Following the transaction, the chief executive officer now directly owns 85,159 shares in the company, valued at approximately $5,110,391.59. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.50.

About Andersons

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.