The Andersons, Inc. Declares Cash Dividend for Fourth Quarter 2024; Announces $100 Million Share Repurchase Program
The Andersons, Inc. (Nasdaq: ANDE) has announced two significant financial decisions. Firstly, the company declared a fourth quarter 2024 cash dividend of $0.19 per share, payable on October 22, 2024, to shareholders of record as of October 1, 2024. This marks the company's 112th consecutive quarterly cash dividend since its Nasdaq listing in 1996.
Secondly, the board of directors has authorized a $100 million share repurchase program for outstanding company common stock. The program will be effective for three years, with shares to be repurchased in open market transactions based on stock price and market conditions. CEO Pat Bowe emphasized that this program provides an additional opportunity to return cash to shareholders while maintaining flexibility for core business growth.
L'Andersons, Inc. (Nasdaq: ANDE) ha annunciato due decisioni finanziarie significative. In primo luogo, l'azienda ha dichiarato un dividendo in contanti per il quarto trimestre 2024 di $0.19 per azione, che sarà pagato il 22 ottobre 2024, agli azionisti registrati al 1° ottobre 2024. Questo segna il 112° dividendo trimestrale consecutivo in contanti dell'azienda dalla sua quotazione al Nasdaq nel 1996.
In secondo luogo, il consiglio di amministrazione ha autorizzato un programma di riacquisto di azioni da $100 milioni per le azioni ordinarie della società. Il programma sarà operativo per tre anni, con le azioni da riacquistare in transazioni di mercato aperto in base ai prezzi delle azioni e alle condizioni di mercato. Il CEO Pat Bowe ha sottolineato che questo programma offre un'ulteriore opportunità di restituire denaro agli azionisti mantenendo però la flessibilità per la crescita del business principale.
Andersons, Inc. (Nasdaq: ANDE) ha anunciado dos decisiones financieras importantes. Primero, la compañía declaró un dividendo en efectivo del cuarto trimestre de 2024 de $0.19 por acción, que se pagará el 22 de octubre de 2024 a los accionistas registrados a partir del 1 de octubre de 2024. Esto marca el 112° dividendo en efectivo trimestral consecutivo de la compañía desde su listado en Nasdaq en 1996.
En segundo lugar, la junta directiva ha autorizado un programa de recompra de acciones de $100 millones para las acciones ordinarias de la empresa. El programa será efectivo por tres años, con las acciones a recomprarse en transacciones en el mercado abierto según el precio de las acciones y las condiciones del mercado. El CEO Pat Bowe enfatizó que este programa proporciona una oportunidad adicional para devolver efectivo a los accionistas, manteniendo al mismo tiempo flexibilidad para el crecimiento del negocio principal.
앤더슨스, Inc. (Nasdaq: ANDE)가 두 가지 중요한 재정 결정을 발표했습니다. 첫 번째로, 회사는 2024년 4분기 주당 $0.19의 현금 배당금을 발표했으며, 이는 2024년 10월 22일에 2024년 10월 1일 기준 주주에게 지급됩니다. 이는 1996년 나스닥 상장 이후 112번째 연속 분기 현금 배당금입니다.
두 번째로, 이사회는 1억 달러 규모의 자사주 매입 프로그램을 승인했습니다. 이 프로그램은 3년 동안 유효하며 주가 및 시장 상황에 따라 공개 시장 거래에서 주식을 재매입할 예정입니다. CEO Pat Bowe는 이 프로그램이 핵심 사업 성장을 위한 유연성을 유지하면서 주주에게 현금을 반환할 추가 기회를 제공한다고 강조했습니다.
Andersons, Inc. (Nasdaq: ANDE) a annoncé deux décisions financières importantes. Tout d'abord, la société a déclaré un dividende en espèces pour le quatrième trimestre 2024 de 0,19 $ par action, payable le 22 octobre 2024 aux actionnaires inscrits au 1er octobre 2024. Cela marque le 112e dividende en espèces trimestriel consécutif de l'entreprise depuis son introduction au Nasdaq en 1996.
Deuxièmement, le conseil d'administration a autorisé un programme de rachat d'actions de 100 millions de dollars pour les actions ordinaires en circulation de la société. Le programme sera effectif pendant trois ans, avec des actions à racheter sur le marché ouvert en fonction des prix des actions et des conditions du marché. Le PDG Pat Bowe a souligné que ce programme offre une opportunité supplémentaire de restituer des liquidités aux actionnaires tout en maintenant une flexibilité pour la croissance des activités principales.
Die Andersons, Inc. (Nasdaq: ANDE) hat zwei bedeutende finanzielle Entscheidungen bekannt gegeben. Erstens erklärte das Unternehmen eine Bardividende von 0,19 $ pro Aktie für das vierte Quartal 2024, die am 22. Oktober 2024 an Aktionäre, die am 1. Oktober 2024 registriert sind, ausgezahlt wird. Dies markiert die 112. aufeinanderfolgende Quartalsdividende in bar des Unternehmens seit der Nasdaq-Börsennotierung im Jahr 1996.
Zweitens hat der Vorstand ein Aktienrückkaufprogramm im Umfang von 100 Millionen $ für ausstehende Stammaktien des Unternehmens genehmigt. Das Programm wird für drei Jahre wirksam sein, wobei die Aktien basierend auf dem Aktienkurs und den Marktbedingungen am offenen Markt zurückgekauft werden. CEO Pat Bowe betonte, dass dieses Programm eine zusätzliche Möglichkeit bietet, den Aktionären Bargeld zurückzugeben und gleichzeitig Flexibilität für das Wachstum des Kerngeschäfts zu bewahren.
- Declared a $0.19 per share cash dividend for Q4 2024
- Authorized a $100 million share repurchase program
- Maintained 112 consecutive quarterly cash dividends since 1996 Nasdaq listing
- Named to Forbes list of America's Most Successful Small Companies for 2024
- Listed on Newsweek's America's Most Responsible Companies
- Recognized as one of The Americas' Fastest Growing Companies by Financial Times
- None.
Insights
The Andersons' announcement of a
The share repurchase program, while positive for reducing share count and potentially boosting EPS, is subject to market conditions and not guaranteed. It's important to note that the effectiveness of buybacks depends on the stock's valuation at the time of repurchase. Investors should monitor the execution and timing of these buybacks for true value creation.
The Andersons' inclusion in Forbes' list of America's Most Successful Small Companies and Newsweek's list of America's Most Responsible Companies suggests strong market positioning and ESG compliance. This recognition could enhance investor confidence and potentially attract ESG-focused funds.
The company's diversification across commodity merchandising, renewables and nutrient & industrial sectors provides resilience against sector-specific downturns. However, investors should be aware that agricultural businesses can be subject to volatile commodity prices and weather-related risks. The company's commitment to growth in its core business, coupled with shareholder returns, indicates a balanced approach to capital allocation.
"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
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SOURCE The Andersons, Inc.
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