The Andersons Inc (ANDE) will raise its quarterly dividend by 2.9 percent to $0.18 per share. This marks the 24th consecutive year of annual dividend increases by ANDE. The new dividend yield for ANDE is 1.9% at a stock price of $37.43.
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 company was founded in 1947 in Maumee, Ohio and has paid a quarterly cash dividend since listing on the Nasdaq on February 20, 1996.