The Andersons (ANDE) Declares Dividend, Announces $100M Share Buyback

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 112^th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996.

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