The Andersons, Inc. Announces Increased Cash Dividend for the First Quarter
MAUMEE, Ohio, Dec. 16, 2011 /PRNewswire/ -- The Andersons, Inc. (NasdaqGS: ANDE) today announced a first quarter 2012 cash dividend of 15 cents ($0.15) payable January 24, 2012, to shareholders of record on January 3, 2012.
This amount reflects an increase of four cents from the company's fourth quarter 2011 cash dividend. During each of the past three years, the company has significantly increased its dividend, nearly doubling the dividend value since 2009.
"As stewards of the shareholder's investment in our company, we are pleased that we've had the financial results, and the confidence in our earnings capacity going forward, that allows us to provide this larger than normal dividend increase," says Nick Conrad, V.P. of Finance and Treasurer.
This is The Andersons' 61st consecutive quarterly cash dividend since its listing on the Nasdaq on February 20, 1996. There are approximately 18.5 million common shares outstanding.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar leasing and repair, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now has operations across the United States, in Puerto Rico, and has rail equipment leasing interests in Canada and Mexico. For more information, visit The Andersons online at www.andersonsinc.com.
SOURCE The Andersons, Inc.