C.H. Robinson Worldwide Inc (NASDAQ:CHRW) declared a quarterly dividend on Thursday, December 6th, RTT News reports. Stockholders of record on Monday, December 17th will be paid a dividend of 0.50 per share by the transportation company on Monday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 2.22%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.46.

C.H. Robinson Worldwide has increased its dividend payment by an average of 8.2% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. C.H. Robinson Worldwide has a dividend payout ratio of 41.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect C.H. Robinson Worldwide to earn $4.97 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 37.0%.

Shares of CHRW stock opened at $90.05 on Friday. C.H. Robinson Worldwide has a 1 year low of $80.83 and a 1 year high of $101.20. The firm has a market cap of $12.22 billion, a PE ratio of 25.88, a PEG ratio of 2.16 and a beta of 0.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.85 and a current ratio of 1.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.08. C.H. Robinson Worldwide had a return on equity of 41.22% and a net margin of 3.83%. The company had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts expect that C.H. Robinson Worldwide will post 4.57 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. BidaskClub cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Wells Fargo & Co raised their target price on C.H. Robinson Worldwide from $92.00 to $97.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 22nd. Bank of America cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating in a research report on Thursday, August 9th. Finally, Loop Capital began coverage on C.H. Robinson Worldwide in a research report on Wednesday, October 17th. They issued a “buy” rating and a $107.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.13.

In related news, insider Ben G. Campbell sold 4,000 shares of C.H. Robinson Worldwide stock in a transaction on Monday, September 10th. The stock was sold at an average price of $100.00, for a total transaction of $400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.97% of the stock is currently owned by company insiders.

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C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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

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