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Andersons raises quarterly dividend to 16 cents

MAUMEE, Ohio (AP) -- Andersons Inc. said Wednesday its board approved an increase of 1 cent, or 6.7 percent, in its quarterly dividend, to 16 cents.

The agriculture company will pay the dividend Jan. 23 to shareholders of record Jan. 2.

Shares of Andersons closed unchanged at $44.40