MAUMEE, Ohio, Dec. 20, 2018 /CNW/ -- The Andersons, Inc. (Nasdaq: ANDE) announces a first quarter 2019 cash dividend of 17 cents ($0.17) per share payable January 23, 2019, to shareholders of record on January 2, 2019. This amount reflects an increase of half of a cent from the Company's fourth quarter 2018 cash dividend.
"The increase in the dividend reflects our confidence in the Company's financial performance moving forward," says Brian Valentine, Senior Vice President and Chief Financial Officer.
This is The Andersons' 89th consecutive quarterly cash dividend since listing on the Nasdaq on February 20, 1996. Currently, there are approximately 28.3 million common shares outstanding. The Company previously announced its plan to issue shares in connection with its pending acquisition of Lansing Trade Group, LLC. By the record date, the company expects approximately 32.5 million common shares to be outstanding.
About The Andersons, Inc.
The Andersons is a diversified company rooted in agriculture. Founded in Maumee, Ohio, in 1947, the company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. Through its Statement of Principles, The Andersons strives to provide extraordinary service to its customers, help its employees improve, support its communities and increase the value of the company. For more information, visit www.andersonsinc.com.
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SOURCE The Andersons, Inc.