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

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Wednesday, April 1st will be paid a dividend of 0.20 per share by the basic materials company on Wednesday, April 22nd. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, April 1st.

Andersons has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 28 years. Andersons has a payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings.

Andersons Stock Performance

ANDE traded up $0.27 during midday trading on Friday, reaching $68.91. The company had a trading volume of 12,937 shares, compared to its average volume of 276,614. Andersons has a 12-month low of $31.03 and a 12-month high of $70.06. The business has a 50-day moving average price of $57.49 and a two-hundred day moving average price of $48.14. The stock has a market cap of $2.33 billion, a PE ratio of 32.20 and a beta of 0.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.47.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Benchmark raised Andersons to a “strong-buy” rating in a research report on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Finally, BMO Capital Markets upgraded Andersons from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $50.00 to $65.00 in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $62.50.

Andersons Company Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.