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

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.195 per share by the basic materials company on Tuesday, April 22nd. This represents a $0.78 annualized dividend and a dividend yield of 1.93%.

Andersons has raised its dividend by an average of 2.8% per year over the last three years and has raised its dividend every year for the last 27 years. Andersons has a payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

NASDAQ ANDE opened at $40.39 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. Andersons has a fifty-two week low of $39.25 and a fifty-two week high of $61.46. The company has a market cap of $1.38 billion, a P/E ratio of 11.54 and a beta of 0.58. The business’s 50 day moving average price is $42.23 and its 200-day moving average price is $46.35.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ANDE shares. Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of Andersons in a research note on Thursday, January 2nd. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday.

Insider Buying and Selling

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the sale, the insider now owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is currently owned by insiders.

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.