MAUMEE, Ohio, May 12 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) Board of Directors today approved a two-for-one stock split
during its meeting following the company's Annual Meeting of Shareholders.
Shareholders will receive one additional share for every share they own
on the record date of June 1, 2006, distributed as of the close of business
of June 28, 2006.
"Our stock's recent outstanding performance has enabled us to provide
this added benefit to shareholders," said President and CEO Mike Anderson.
"Additionally, this split enables a larger universe of investors to
purchase our shares."
In addition, the board approved a cash dividend of 4.5 cents per share,
payable July 24, 2006, to shareholders of record on July 3, 2006. This is
The Andersons' 39th consecutive quarterly cash dividend since its listing
on the Nasdaq on February 20, 1996.
There are about 7.6 million common shares outstanding currently, and
15.2 million expected to be outstanding post split.
About The Andersons, Inc. The Andersons, Inc. is a diversified company
with interests in the grain, ethanol and plant nutrient sectors of U.S.
agriculture, as well as in railcar marketing, industrial products
formulation, turf products production, and general merchandise retailing.
Founded in Maumee, Ohio, in 1947, the company now has operations in seven
U.S. states plus rail equipment leasing interests in Canada and Mexico. For
more, visit The Andersons online at http://www.andersonsinc.com.
SOURCE The Andersons, Inc.
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Related links:
http://www.andersonsinc.com/
CONTACT:
Gary L. Smith, VP, Finance & Treasurer,
+1-419-891-6417, or gary_smith@andersonsinc.com
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