Dec. 19, 2013
/PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces today its Board of Directors has approved a three-for-two split of The Andersons stock.
Shareholders will receive one additional share for every two shares they own on the record date of
January 21, 2014
, in the form of a dividend to be distributed as of the close of business of
February 18, 2014
"Our stock's recent outstanding performance has enabled us to undertake this endeavor," said Chairman and CEO
. "We believe this action will enhance the liquidity of our shares and enable a larger universe of investors to purchase our shares."
In addition, the board approved a first quarter 2014 cash dividend of
per share, payable
January 23, 2014
, to shareholders of record on
January 2, 2014
. This is The Andersons' 69th consecutive quarterly cash dividend since its listing on the Nasdaq on
February 20, 1996
There are about 18.8 million common shares outstanding currently, and 28.2 million expected to be outstanding post-split.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company rooted in agriculture. Founded in
, in 1947, the company conducts business across
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
SOURCE The Andersons, Inc.