Published on 26 Mar 2023 on Simply Wall St. via Yahoo Finance
Is It Smart To Buy The Andersons, Inc. (NASDAQ:ANDE) Before It Goes Ex-Dividend?
Readers hoping to buy The Andersons, Inc. (NASDAQ:ANDE) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Therefore, if you purchase Andersons' shares on or after the 31st of March, you won't be eligible to receive the dividend, when it is paid on the 24th of April.
The company's upcoming dividend is US$0.18 a share, following on from the last 12 months, when the company distributed a total of US$0.74 per share to shareholders. Last year's total dividend payments show that Andersons has a trailing yield of 1.8% on the current share price of $40.03. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.
Check out our latest analysis for Andersons