The Andersons, Inc. Announces Approval of Share Increase, Cash Dividend

PRNewswire-FirstCall
MAUMEE, Ohio
May 7, 2010

The Andersons, Inc. announces shareholders approved the increase in the number of authorized shares of common stock during the Company's Annual Meeting today.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081104/CLTU081LOGO )

The number of authorized shares of common stock, no par value, will increase by 17 million shares from 25 million to 42 million shares. The Company's current 1 million shares of authorized preferred stock, no par value, remain unchanged. The Company, at this time, has no plans to issue the additional common shares.

Immediately following the Annual Meeting, the Company's Board of Directors approved a third quarter 2010 cash dividend of 9.0 cents ($0.09) payable July 22, 2010, to shareholders of record on July 1, 2010.

This is The Andersons' 55th consecutive quarterly cash dividend since its listing on the Nasdaq on February 20, 1996. There are approximately 18.3 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 across the United States, in Puerto Rico, and has rail equipment leasing interests in Canada and Mexico. For more information, visit The Andersons online at www.andersonsinc.com.

First Call Analyst:
FCMN Contact: debra_crow@andersonsinc.com

Photo: http://www.newscom.com/cgi-bin/prnh/20081104/CLTU081LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: The Andersons, Inc.

CONTACT: Nicholas C. Conrad, VP, Finance & Treasurer of The Andersons,
Inc., +1-419-891-6415, nick_conrad@andersonsinc.com


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Grain
Plant Nutrient
Ethanol
Rail