Andersons Stock To Go Ex-dividend Tomorrow (ANDE)

NEW YORK ( TheStreet) -- The ex-dividend date for Andersons (Nasdaq: ANDE) is tomorrow, December 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $44.41 as of 12:49 p.m. ET, the dividend yield is 1.3%.

The average volume for Andersons has been 161,200 shares per day over the past 30 days. Andersons has a market cap of $838 million and is part of the consumer goods sector and food & beverage industry. Shares are up 25.1% year to date as of the close of trading on Tuesday.

The Andersons, Inc. engages in the grain, ethanol, plant nutrient, railcar leasing and repair, turf products production, and general merchandise retailing businesses. It operates in six segments: Grain, Ethanol, Rail, Plant Nutrient, Turf & Specialty, and Retail. The company has a P/E ratio of 8.5, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Andersons as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Andersons Ratings Report.

See our dividend calendar or top-yielding stocks list.

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