MAUMEE, Ohio, Dec. 16, 2016 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) today announced a first quarter 2017 cash dividend of 16 cents ($0.16) per share payable January 24, 2017, to shareholders of record on January 3, 2017. The cash dividend is increasing from 15.5 cents to 16 cents.
"The increase in the dividend reflects our long term confidence in the Company's ability to perform," says Jim Burmeister, VP Finance and Treasurer.
This is The Andersons' 81st consecutive quarterly cash dividend since listing on the Nasdaq on February 20, 1996 and represents the 15th consecutive year that the dividend has been increased. There are approximately 28.2 million common outstanding shares.
About The Andersons, Inc.
Founded in Maumee, Ohio, in 1947, 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. For more information, visit The Andersons online at www.andersonsinc.com.
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SOURCE The Andersons, Inc.