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

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) declared a quarterly dividend on Thursday, June 19th, RTT News reports. Stockholders of record on Tuesday, July 1st will be given a dividend of 0.195 per share by the basic materials company on Tuesday, July 22nd. This represents a $0.78 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, July 1st.

Andersons has a payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings.

Andersons Stock Performance

Shares of ANDE stock traded down $0.08 during trading hours on Friday, reaching $36.80. The stock had a trading volume of 1,206,676 shares, compared to its average volume of 270,408. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 0.89. Andersons has a twelve month low of $31.03 and a twelve month high of $55.52. The firm has a 50-day simple moving average of $36.12 and a 200-day simple moving average of $39.98. The firm has a market capitalization of $1.26 billion, a PE ratio of 11.61 and a beta of 0.76.

Andersons (NASDAQ:ANDE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.20. Andersons had a net margin of 0.97% and a return on equity of 7.35%. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.85 billion. During the same quarter last year, the company earned $0.16 EPS. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts forecast that Andersons will post 3.11 earnings per share for the current year.

Hedge Funds Weigh In On Andersons

An institutional investor recently raised its position in Andersons stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 4.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,425 shares of the basic materials company's stock after buying an additional 866 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Andersons worth $834,000 at the end of the most recent quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ANDE. BMO Capital Markets began coverage on shares of Andersons in a report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 price objective on the stock. Lake Street Capital dropped their price objective on shares of Andersons from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

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.