MAUMEE, Ohio, Dec. 17, 2010 /PRNewswire-FirstCall/ -- The Andersons, Inc. (Nasdaq : ANDE ) today announced a first quarter 2011 cash dividend of 11 cents ($0.11) payable January 24, 2011, to shareholders of record on January 3, 2011.
This amount reflects an increase of two cents from the company's fourth quarter 2010 cash dividend.
"One of the four tenets of our mission statement is to 'increase the value of our company,'" says Nick Conrad, V.P. Finance and Treasury. "We believe this increase reflects our continued positive results and our confidence in the future."
This is The Andersons' 57th consecutive quarterly cash dividend since its listing on the Nasdaq on February 20, 1996. There are approximately 18.3 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.