The Andersons, Inc. (ANDE) to Distribute Quarterly Dividend of $0.20 on July 22nd

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Thursday, June 18th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.20 per share by the basic materials company on Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, July 1st.

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

Andersons Stock Performance

NASDAQ ANDE opened at $71.22 on Friday. The firm’s 50 day moving average price is $72.57 and its two-hundred day moving average price is $65.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 1.37. Andersons has a twelve month low of $31.84 and a twelve month high of $82.11. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 18.94 and a beta of 0.64.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.70 by $0.42. Andersons had a return on equity of 10.68% and a net margin of 1.17%.The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the firm posted $0.12 earnings per share. Andersons’s revenue was down 1.2% compared to the same quarter last year.

Insider Buying and Selling

In other Andersons news, Director Patrick E. Bowe sold 19,100 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $78.31, for a total transaction of $1,495,721.00. Following the transaction, the director directly owned 94,875 shares in the company, valued at $7,429,661.25. This trade represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 66,466 shares of company stock worth $5,153,667 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Uniplan Investment Counsel Inc. bought a new stake in Andersons during the fourth quarter worth approximately $25,000. Optima Capital LLC bought a new stake in shares of Andersons during the 4th quarter worth $32,000. Larson Financial Group LLC grew its stake in Andersons by 33,600.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,008 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Andersons by 95.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after buying an additional 400 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Andersons by 34.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 246 shares during the period. 87.06% of the stock is owned by institutional investors.

About Andersons

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.