Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Wednesday, May 15th, Wall Street Journal reports. Investors of record on Monday, July 1st will be given a dividend of 0.09 per share by the transportation company on Tuesday, July 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, June 28th.

Werner Enterprises has increased its dividend payment by an average of 15.1% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Werner Enterprises has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Werner Enterprises to earn $2.70 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 13.3%.

Shares of NASDAQ:WERN traded up $1.06 during mid-day trading on Wednesday, reaching $32.82. 1,705,063 shares of the company were exchanged, compared to its average volume of 622,636. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.41. The stock has a market capitalization of $2.22 billion, a P/E ratio of 13.79, a PEG ratio of 0.95 and a beta of 1.22. Werner Enterprises has a 1 year low of $28.67 and a 1 year high of $42.80.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Werner Enterprises had a net margin of 7.08% and a return on equity of 14.56%. The company had revenue of $596.10 million during the quarter, compared to analysts’ expectations of $620.14 million. During the same quarter last year, the company posted $0.38 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Research analysts forecast that Werner Enterprises will post 2.63 earnings per share for the current fiscal year.

WERN has been the topic of a number of recent research reports. ValuEngine lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Zacks Investment Research downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. BidaskClub downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Buckingham Research boosted their price objective on shares of Werner Enterprises from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Werner Enterprises in a report on Thursday, February 7th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $40.54.

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Werner Enterprises Company Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

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Dividend History for Werner Enterprises (NASDAQ:WERN)

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