The DividendRank formula at Dividend Channel ranks thousands of dividend stocks, aiming to identify those that blend strong fundamentals with attractive valuations. Currently, Andersons Inc (Symbol: ANDE) stands out with a rank in the top 10% of the coverage universe, indicating that it is an intriguing option for investors to explore further.

Additionally, recent trading activity on Tuesday revealed that ANDE shares dipped into oversold territory, with prices reaching as low as $35.08 per share. We define oversold conditions through the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100. A stock is deemed oversold if its RSI falls below 30.

For Andersons Inc, the RSI has dropped to 29.3. In contrast, the average RSI for the dividend stocks tracked by Dividend Channel currently sits at 51.8. A decrease in stock price can create a favorable opportunity for dividend investors seeking higher yields. As of now, ANDE offers an annualized dividend of $0.78 per share, translating to an annual yield of 2.11% based on the recent share price of $36.98.

A bullish investor might interpret ANDE’s RSI of 29.3 as an indication that the recent heavy selling may be coming to an end, presenting potential entry points for purchase. To assess the stock further, investors should also review its dividend history, which plays a crucial role in evaluating future dividend sustainability.

Generally, dividends can fluctuate; however, reviewing the historical chart below can provide insights into whether the recent dividend is likely to continue.

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