The Andersons, Inc. (ANDE) To Go Ex-Dividend on January 2nd

The Andersons, Inc. (NASDAQ:ANDE) declared a quarterly dividend on Thursday, December 12th,Wall Street Journal reports. Shareholders of record on Thursday, January 2nd will be paid 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 yield of 1.96%. The ex-dividend date is Thursday, January 2nd. This is an increase from Andersons’s previous quarterly dividend of $0.19.

Andersons has increased its dividend payment by an average of 2.1% per year over the last three years and has raised its dividend annually for the last 27 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 Trading Down 0.6 %

NASDAQ ANDE opened at $39.80 on Tuesday. Andersons has a 12 month low of $39.25 and a 12 month high of $61.46. The business has a fifty day simple moving average of $45.79 and a 200 day simple moving average of $48.15. The firm has a market capitalization of $1.36 billion, a P/E ratio of 11.37 and a beta of 0.57. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

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

Analyst Upgrades and Downgrades

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

Insider Activity

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the sale, the insider now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.10% of the company’s stock.

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.