TFI International Inc. (NYSE:TFII) to Issue $0.47 Quarterly Dividend

TFI International Inc. (NYSE:TFII) announced a quarterly dividend on Monday, March 16th. Investors of record on Tuesday, March 31st will be given a dividend of 0.47 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, March 31st.

TFI International has raised its dividend payment by an average of 0.2%annually over the last three years. TFI International has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Analysts expect TFI International to earn $9.51 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 19.8%.

TFI International Trading Down 0.4%

TFI International stock opened at $101.63 on Tuesday. The stock has a 50-day moving average price of $113.89 and a 200 day moving average price of $100.78. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53. TFI International has a 52 week low of $72.02 and a 52 week high of $127.44. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.88.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.24. TFI International had a net margin of 3.94% and a return on equity of 13.73%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.37 billion. Sell-side analysts anticipate that TFI International will post 7.76 EPS for the current year.

Hedge Funds Weigh In On TFI International

Several large investors have recently made changes to their positions in the company. United Services Automobile Association purchased a new stake in TFI International during the first quarter worth $217,000. Bank of New York Mellon Corp grew its position in TFI International by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 78,729 shares of the company’s stock valued at $7,060,000 after buying an additional 1,356 shares during the period. Geode Capital Management LLC increased its holdings in TFI International by 19.1% in the second quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock valued at $57,214,000 after buying an additional 101,218 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. raised its position in shares of TFI International by 44.4% in the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock worth $73,714,000 after acquiring an additional 251,444 shares during the period. Finally, Kennedy Capital Management LLC raised its position in shares of TFI International by 23.1% in the second quarter. Kennedy Capital Management LLC now owns 96,163 shares of the company’s stock worth $8,623,000 after acquiring an additional 18,049 shares during the period. 73.30% of the stock is currently owned by institutional investors and hedge funds.

About TFI International

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.