The Andersons, Inc. (ANDE) Plans $0.16 Quarterly Dividend
The Andersons, Inc. (NASDAQ:ANDE) declared a quarterly dividend on Monday, August 28th, Wall Street Journal reports. Shareholders of record on Monday, October 2nd will be paid a dividend of 0.16 per share by the basic materials company on Monday, October 23rd. This represents a $0.64 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, September 29th.
The Andersons has decreased its dividend by an average of 1.1% per year over the last three years and has raised its dividend every year for the last 2 years. The Andersons has a dividend payout ratio of 41.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Andersons to earn $2.39 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 26.8%.
Shares of The Andersons (NASDAQ:ANDE) traded up 0.32% during trading on Monday, reaching $31.40. The company’s stock had a trading volume of 81,115 shares. The Andersons has a 52 week low of $30.80 and a 52 week high of $44.90. The company’s market cap is $890.19 million. The stock’s 50 day moving average price is $33.30 and its 200 day moving average price is $35.86.
The Andersons (NASDAQ:ANDE) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.17. The firm had revenue of $993.70 million during the quarter, compared to the consensus estimate of $1.06 billion. The Andersons had a negative net margin of 0.47% and a positive return on equity of 3.77%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities research analysts predict that The Andersons will post $1.71 EPS for the current year.
Several brokerages have issued reports on ANDE. BidaskClub lowered The Andersons from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Stephens lowered The Andersons from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $42.00 to $35.00 in a research note on Monday, August 7th. Zacks Investment Research upgraded The Andersons from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, BMO Capital Markets lowered their target price on The Andersons from $41.00 to $39.00 and set a “market perform” rating on the stock in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The Andersons has an average rating of “Hold” and a consensus target price of $40.00.
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The Andersons Company Profile
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.
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