The Andersons, Inc. Announces Cash Dividend for the Second Quarter

PRNewswire-FirstCall
MAUMEE, Ohio
Feb 22, 2008

The Andersons, Inc. today announced a second quarter 2008 cash dividend of 7.75 cents ($0.0775) payable April 22, 2008, to shareholders of record on April 1, 2008.

This is the third consecutive quarter the company has provided a dividend that represents a 63 percent increase over the dividend paid during the first quarter of 2007.

This is The Andersons' 46th consecutive quarterly cash dividend since its listing on the Nasdaq on February 20, 1996. There are approximately 18 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 eight U.S. states plus rail leasing interests in Canada and Mexico. For more, visit The Andersons online at 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