MAUMEE,
Ohio, Aug. 15, 2024 /CNW/ -- The Andersons, Inc.
(Nasdaq: ANDE) announces a fourth quarter 2024 cash dividend of
19 cents ($0.19) per share payable on October 22, 2024, to shareholders of record as of
October 1, 2024. The company's board
of directors has also authorized a share repurchase program of up
to $100 million of outstanding
company common stock.
"Remaining disciplined in our capital allocation strategy has
enabled us to retain flexibility with our balance sheet as we seek
to continue growing our core business. This share repurchase
program gives us an additional opportunity to return cash to our
shareholders at the appropriate time and share valuation," said
Chairman and CEO Pat Bowe.
Shares will be repurchased from time-to-time in open market
transactions. When, and if, shares are purchased will depend
on stock price, market conditions, and other factors. Authorization
of this program does not obligate share repurchase by The
Andersons. The authorization for this plan will be in effect for a
period of three years.
This is The Andersons 112th consecutive quarterly
cash dividend since listing on the Nasdaq in February 1996.
About The Andersons, Inc.
The Andersons, Inc., named for 2024 to Forbes list of America's
Most Successful Small Companies, Newsweek's list of America's Most
Responsible Companies, and one of The Americas' Fastest Growing
Companies by the Financial Times, is a diversified company rooted
in agriculture that conducts business in the commodity
merchandising, renewables, and nutrient & industrial sectors.
Guided by its Statement of Principles, The Andersons is committed
to providing extraordinary service to its customers, helping its
employees improve, supporting its communities, and increasing the
value of the company. For more information, please visit
www.andersonsinc.com.
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SOURCE The Andersons, Inc.
