MAUMEE, Ohio, Feb. 28, 2014 /PRNewswire/ -- The Andersons, Inc. (NasdaqGS: ANDE) today announced a post-split second quarter 2014 cash dividend of 11 cents ($0.11) per share payable April 22, 2014, to shareholders of record on April 1, 2014. The dividend reflects the three-for-two stock split that went into effect on February 19, 2014. Had the split not occurred, the dividend rate would have been $0.165 per share, matching the Company's first quarter dividend.
This is The Andersons' 70th consecutive quarterly cash dividend since its listing on the Nasdaq on February 20, 1996. There are approximately 28.2 million common shares outstanding.
About The Andersons, Inc. The Andersons, Inc. is a diversified company rooted in agriculture. Founded in Maumee, Ohio, in 1947, the company conducts business across North America in the grain, ethanol, and plant nutrient sectors, railcar leasing, turf and cob products, and consumer retailing. For more information, visit The Andersons online at www.andersonsinc.com.
SOURCE The Andersons, Inc.