C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) announced a quarterly dividend on Thursday, August 10th, RTT News reports. Shareholders of record on Friday, September 1st will be paid a dividend of 0.45 per share by the transportation company on Friday, September 29th. This represents a $1.80 dividend on an annualized basis and a yield of 2.72%.

C.H. Robinson Worldwide has raised its dividend payment by an average of 7.5% annually over the last three years and has increased its dividend every year for the last 10 years. C.H. Robinson Worldwide has a payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect C.H. Robinson Worldwide to earn $3.59 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 50.1%.

Shares of C.H. Robinson Worldwide (CHRW) traded down 0.03% during mid-day trading on Thursday, reaching $66.11. 1,890,711 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $67.22 and its 200 day moving average price is $72.55. The company has a market cap of $9.28 billion, a PE ratio of 19.39 and a beta of 0.44. C.H. Robinson Worldwide has a 52-week low of $63.41 and a 52-week high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.12. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.63 billion. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 EPS. On average, equities research analysts predict that C.H. Robinson Worldwide will post $3.31 EPS for the current year.

Several analysts have recently issued reports on the stock. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. BMO Capital Markets upgraded shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $70.00 to $72.00 in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Morgan Stanley reiterated an “underweight” rating and issued a $55.00 target price (down previously from $57.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 25th. Deutsche Bank AG reduced their target price on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, July 21st. Finally, Cowen and Company reduced their target price on shares of C.H. Robinson Worldwide from $73.00 to $68.00 and set a “market perform” rating for the company in a research note on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $70.10.

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About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

Dividend History for C.H. Robinson Worldwide (NASDAQ:CHRW)

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