The Andersons, Inc. (ANDE) To Go Ex-Dividend on July 1st

The Andersons, Inc. (NASDAQ:ANDE) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Stockholders of record on Monday, July 1st will be paid a dividend of 0.19 per share by the basic materials company on Monday, July 22nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Monday, July 1st.

Andersons has raised its dividend payment 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 payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Andersons to earn $3.26 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 23.3%.

Andersons Trading Down 0.5 %

Shares of ANDE stock opened at $49.60 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Andersons has a 12-month low of $44.85 and a 12-month high of $61.46. The stock has a market capitalization of $1.69 billion, a P/E ratio of 14.01 and a beta of 0.60. The firm’s 50 day moving average is $52.20 and its 200 day moving average is $53.86.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.16 EPS for the quarter. The company had revenue of $2.72 billion during the quarter. Andersons had a return on equity of 7.93% and a net margin of 0.89%. Research analysts expect that Andersons will post 2.65 earnings per share for the current year.

Insider Activity at Andersons

In other news, CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following the completion of the sale, the chief executive officer now directly owns 85,159 shares of the company’s stock, valued at $5,110,391.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Michael J. Anderson sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the transaction, the director now directly owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick E. Bowe sold 3,387 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $60.01, for a total value of $203,253.87. Following the completion of the transaction, the chief executive officer now owns 85,159 shares of the company’s stock, valued at $5,110,391.59. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Andersons presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

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.