The Andersons hikes dividend by 2.8%

On December 16, 2022, The Andersons Inc. (ANDE) declared a quarterly dividend of $0.185 per share. This marks the 25th consecutive year of annual dividend increases by the agricultural and retail company. The dividend yield for ANDE is 2.2% at a stock price of $33.98.

The next ANDE dividend will be payable on January 20, 2023, to shareholders of record as of January 3, 2023. This three percent increase from the company's fourth quarter 2022 cash dividend of 18 cents($0.18) per share reflects continuing strong operating performance. This is The Andersons 105th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996.

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.