Andersons Inc, known by the ticker symbol ANDE, is a small-cap operating in the consumer defensive business sector. This is my first report on ANDE for this Viital portfolio; it was the 13th selection for my Vista portfolio, 18 months ago.

Andersons Inc is an agriculture company that conducts business in North America. Its operations are segmented into trade, renewables, and plant nutrient sectors in the United States and internationally. It was founded in 1947 and is based in Maumee, Ohio.

According to Yahoo, 

The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services to its customers and affiliated ethanol facilities. This segment also engages in the commodity merchandising business, as well as offers logistics for physical commodities, such as whole grains, grain products, feed ingredients, domestic fuel products, and other agricultural commodities

Its Renewables segment produces, purchases, and sells ethanol, and co-products, as well as offering facility operations, risk management, and ethanol and co-products marketing services to the ethanol plants it invests in and operates.

The plant nutrient group manufactures, distributes, and sells fertilizer and plant nutrients. It also offers warehousing, packaging, and manufacturing services to nutrient producers and other distributors; and manufactures and distributes various industrial products, such as nitrogen reagents for air pollution control systems that are used in coal-fired power plants, and water treatment and dust abatement products.

Three key data points gauge any dividend equity or fund such as Andersons Inc (ANDE): Price; Dividends; Returns.

Those three basic keys best tell whether any company has made, is making, and will make money.

ANDE Price

The Anderson’s price per share was $35.00 as of Friday's market close. One year ago its price was $30.38. Therefore, ANDE’s share price increased $4.62 or over 15% in the past year.

If ANDE’s  stock trades in the range of $24.00 to $48.00 this next year, its recent $35.00 share price might rise by $10.00 to reach $45.00 by May 23, 2023. My $10.00 upside estimate is $6.25 under the median of annual price estimates from 4 brokerage analysts tracking ANDE.

ANDE Dividends

Andersons Inc’s most recently declared quarterly dividend of $0.18 was paid yesterday, May 22nd to shareholders on record as of March 31st.

Andersons Inc initiated a quarterly $0.01 dividend  as of April 21, 1997. The dividend has increased nearly annually to $0.18 last year. Its payout equates to $0.72 at an Annual rate, ANDE annual payout is calculated to deliver a 2.06% annual yield per yesterday’s $35.00 share price.

ANDE Returns

Adding the $0.72 ANDE annual dividend to the estimated one-year price upside of $10.00 shows a $10.72 potential gross gain, per share, to be reduced by any costs to trade ANDE shares.

At yesterday's $35.00 closing price per share, a little over $1000 would buy 29 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.34 per share.

Subtract that maybe $0.34 brokerage cost from my estimated $10.72 gross gain estimate per share results in a net gain of $10.38 X 29 shares = $301.02 for a 30% net gain on a $1,015.00 investment.

So it is that Andersons Inc shows a possible 30% net gain including a 2.06% forward looking dividend yield.

Over the next year at this time our $1000 investment in Andersons Inc shares might generate $20.60 in cash dividends. Of course a single share of ANDE stock bought at yesterday's $35.00 price is about 1.7 times more than the dividend income from our $1000.00 invested.

So, by my dogcatcher ideal, this is no time to pick up Andersons Inc shares based on their forward looking dividends for the year 2022. A forthcoming annual dividend from $1K invested is estimated to be 1.699. times less than yesterday's single share price. Consider yourself alerted. It's a sign. Wait for ANDE’s price to drop to $26.85 or the annual dividend to rise to $1.18 or $0.295 per quarter.

All of the estimates above are speculation based on the past history of  Andersons Inc   (ANDE). Only time and money invested in this stock will determine its market value.