C.H. Robinson Worldwide Inc (CHRW) Plans Dividend Increase – $0.50 Per Share
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.
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.
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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