The Andersons Inc. (ANDE) will raise its quarterly dividend to $0.16 per share, payable January 24, 2017 , to shareholders of record on January 3, 2017 . 

"The increase in the dividend reflects our long term confidence in the Company's ability to perform," says Jim Burmeister , VP Finance and Treasurer.

This is The Andersons' 81st consecutive quarterly cash dividend since listing on the Nasdaq on February 20, 1996 and represents the 15th consecutive year that the dividend has been increased. There are approximately 28.2 million common outstanding shares.

The Andersons is a diversified company rooted in agriculture conducting business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also has a consumer retailing presence.

The new dividend yield is 1.5%.