The Andersons, Inc. (NASDAQ:ANDE) Plans Quarterly Dividend of $0.20

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.93%.

Andersons has increased its dividend payment by an average of 2.8% annually over the last three years and has increased its dividend every year for the last 27 years. Andersons has a dividend payout ratio of 15.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Andersons to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 25.1%.

Andersons Stock Down 1.9 %

ANDE stock opened at $40.39 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. Andersons has a 1-year low of $39.25 and a 1-year high of $61.46. The stock has a market capitalization of $1.38 billion, a P/E ratio of 11.54 and a beta of 0.58. The business has a fifty day moving average price of $42.23 and a 200-day moving average price of $46.35.

Insider Activity

In related news, insider Joseph E. Mcneely sold 2,382 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the transaction, the insider now owns 49,601 shares in the company, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ANDE shares. Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of Andersons in a research report on Thursday, January 2nd. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.