Andersons (ANDE) Declares $0.18 Dividend
Andersons said on June 23, 2023 that its board of directors declared a regular quarterly dividend of $0.18 per share ($0.74 annualized). Previously, the company paid $0.18 per share.
Shareholders of record as of July 3, 2023 will receive the payment on July 24, 2023.
At the current share price of $45.56 / share, the stock's dividend yield is 1.62%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.53%, the lowest has been 1.27%, and the highest has been 6.01%. The standard deviation of yields is 0.90 (n=235).
The current dividend yield is 1.01 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.22. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.06%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 523 funds or institutions reporting positions in Andersons. This is an increase of 34 owner(s) or 6.95% in the last quarter. Average portfolio weight of all funds dedicated to ANDE is 0.15%, an increase of 15.76%. Total shares owned by institutions increased in the last three months by 0.97% to 32,035K shares. 
The put/call ratio of ANDE is 0.35, indicating a bullish outlook.
Analyst Price Forecast Suggests 17.54% Upside
As of June 1, 2023, the average one-year price target for Andersons is 53.55. The forecasts range from a low of 50.50 to a high of $57.75. The average price target represents an increase of 17.54% from its latest reported closing price of 45.56.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Andersons is 17,037MM, a decrease of 1.11%. The projected annual non-GAAP EPS is 2.86.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 2,264K shares representing 6.76% ownership of the company. In it's prior filing, the firm reported owning 2,307K shares, representing a decrease of 1.91%. The firm increased its portfolio allocation in ANDE by 12.60% over the last quarter.
Invesco holds 1,189K shares representing 3.55% ownership of the company. In it's prior filing, the firm reported owning 996K shares, representing an increase of 16.19%. The firm decreased its portfolio allocation in ANDE by 87.58% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,000K shares representing 2.99% ownership of the company. In it's prior filing, the firm reported owning 912K shares, representing an increase of 8.71%. The firm increased its portfolio allocation in ANDE by 19.45% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 835K shares representing 2.49% ownership of the company. In it's prior filing, the firm reported owning 777K shares, representing an increase of 7.00%. The firm increased its portfolio allocation in ANDE by 21.87% over the last quarter.
DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 828K shares representing 2.47% ownership of the company. In it's prior filing, the firm reported owning 820K shares, representing an increase of 0.94%. The firm increased its portfolio allocation in ANDE by 36.81% over the last quarter.
Andersons Background Information
(This description is provided by the company.)
Founded in 1947 in Maumee, Ohio, The Andersons is a diversified company rooted in agriculture that conducts business in the commodity trading, ethanol, plant nutrient and rail sectors. Guided by its Statement of Principles, The Andersons strives to provide extraordinary service to its customers, help its employees improve, support its communities and increase the value of the company.
Key filings for this company:
This story originally appeared on Fintel.