Andersons Stock To Go Ex-dividend Tomorrow (ANDE)

NEW YORK ( TheStreet) -- The ex-dividend date for Andersons (Nasdaq: ANDE) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $41.68 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Andersons has been 122,200 shares per day over the past 30 days. Andersons has a market cap of $769.5 million and is part of the consumer goods sector and food & beverage industry. Shares are down 4.3% 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 7.9, below the average food & beverage industry P/E ratio of eight 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 revenue growth, attractive valuation levels, good cash flow from operations, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Andersons Ratings Report.

See our dividend calendar or top-yielding stocks list.
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