The Andersons, Inc. (NASDAQ:ANDE) Increases Dividend to $0.20 Per Share

The Andersons, Inc. (NASDAQ:ANDE) declared a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Investors of record on Thursday, January 2nd will be given a dividend of 0.195 per share by the basic materials company on Thursday, January 23rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Andersons’s previous quarterly dividend of $0.19.

Andersons has raised its dividend by an average of 2.1% annually over the last three years and has increased its dividend annually for the last 26 consecutive years. Andersons has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Andersons to earn $3.30 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 23.6%.

Andersons Stock Down 2.7 %

Shares of NASDAQ ANDE opened at $43.77 on Tuesday. Andersons has a 52-week low of $41.76 and a 52-week high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The company’s 50 day moving average price is $47.28 and its 200-day moving average price is $48.77. The company has a market capitalization of $1.49 billion, a P/E ratio of 12.51 and a beta of 0.57.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the business posted $0.13 EPS. The business’s revenue was down 27.9% compared to the same quarter last year. Equities analysts forecast that Andersons will post 2.9 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, the insider now owns 49,601 shares of the company’s stock, valued at $2,367,455.73. This represents a 4.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ANDE has been the subject of a number of research analyst reports. Stephens raised Andersons to a “strong-buy” rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Andersons Company Profile

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.