The Andersons, Inc. Announces Significantly Increased Cash Dividend for the Fourth Quarter

PRNewswire-FirstCall
MAUMEE, Ohio
Aug 16, 2007

The Andersons, Inc. today announced its largest cash dividend since its listing on the Nasdaq in February 1996. The fourth quarter cash dividend represents a 63 percent increase over previous quarters this year.

The fourth quarter cash dividend of 7.75 cents ($0.0775) is payable October 22, 2007, to shareholders of record on October 1, 2007.

This is The Andersons' 44th consecutive quarterly cash dividend since its listing on the Nasdaq on February 20, 1996. There are about 17.9 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 http://www.andersonsinc.com/.

First Call Analyst:
FCMN Contact:

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
Ethanol
Rail