The Andersons, Inc. Announces Third Quarter Cash Dividend

PRNewswire-FirstCall
MAUMEE, Ohio
May 18, 2007

The Andersons, Inc. today announced a cash dividend of 4.75 cents ($0.0475) per share, payable July 23, 2007, to shareholders of record on July 2, 2007.

This is The Andersons' 43rd consecutive quarterly cash dividend since its listing on the Nasdaq on February 20, 1996. There are about 17.8 million common shares outstanding.

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 leasing and repair, 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 leasing interests in Canada and Mexico. For more, visit The Andersons online at www.andersonsinc.com.

SOURCE: The Andersons, Inc.

CONTACT: Gary L. Smith, VP, Finance & Treasurer of The Andersons, Inc.,
+1-419-891-6417, gary_smith@andersonsinc.com


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Grain
Plant Nutrient
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Rail