Andersons Inc (NASDAQ:ANDE) declared a quarterly dividend on Friday, June 26th, Wall Street Journal reports. Shareholders of record on Monday, July 6th will be given a dividend of 0.175 per share by the basic materials company on Wednesday, July 22nd. This represents a $0.70 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, July 2nd.

Andersons has increased its dividend payment by an average of 878.6% annually over the last three years and has raised its dividend every year for the last 5 years. Andersons has a dividend payout ratio of -65.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Andersons to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 59.8%.

Shares of ANDE opened at $13.55 on Tuesday. Andersons has a 52-week low of $10.00 and a 52-week high of $28.82. The business’s fifty day moving average is $13.30 and its 200-day moving average is $18.71. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 1.32. The firm has a market cap of $428.36 million, a price-to-earnings ratio of -75.28 and a beta of 0.76.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported ($1.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($1.06). Andersons had a negative net margin of 0.07% and a positive return on equity of 0.47%. The business had revenue of $1.85 billion during the quarter. As a group, research analysts forecast that Andersons will post -1.2 EPS for the current fiscal year.

In related news, insider William E. Krueger bought 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $12.98 per share, with a total value of $129,800.00. Following the acquisition, the insider now owns 132,783 shares of the company’s stock, valued at $1,723,523.34. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen F. Dowdle bought 4,500 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were bought at an average cost of $14.39 per share, for a total transaction of $64,755.00. Following the completion of the acquisition, the director now directly owns 21,065 shares in the company, valued at approximately $303,125.35. The disclosure for this purchase can be found here. Insiders have purchased a total of 42,013 shares of company stock worth $549,662 in the last 90 days. 7.10% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently weighed in on the company. TheStreet lowered Andersons from a “c” rating to a “d+” rating in a research report on Tuesday, May 5th. BidaskClub lowered Andersons from a “sell” rating to a “strong sell” rating in a research report on Friday, May 15th. Finally, Zacks Investment Research lowered Andersons from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Andersons has an average rating of “Hold” and a consensus price target of $20.67.

About Andersons

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

Further Reading: How To Calculate Debt-to-Equity Ratio

Dividend History for Andersons (NASDAQ:ANDE)

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