C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Plans $0.63 Quarterly Dividend

Key Points

• C.H. Robinson Worldwide declared a quarterly dividend of $0.63 per share, payable October 2 to shareholders of record on September 4. The dividend implies an annualized payout of $2.52 and a 1.7% yield.
• The company has increased its dividend for 27 consecutive years, with a current payout ratio of 46.1%; analysts expect a future payout ratio of 34.3%, indicating continued earnings coverage.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates by $0.08, while revenue rose 19.3% year over year to $4.93 billion, exceeding expectations of $4.35 billion.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) declared a quarterly dividend on Thursday, August 6th. Investors of record on Friday, September 4th will be given a dividend of 0.63 per share by the transportation company on Friday, October 2nd. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 4th.

C.H. Robinson Worldwide has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 27 consecutive years. C.H. Robinson Worldwide has a payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect C.H. Robinson Worldwide to earn $7.34 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 34.3%.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $2.92 during mid-day trading on Friday, hitting $149.58. 750,546 shares of the company's stock traded hands, compared to its average volume of 2,075,353. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.59 and a current ratio of 1.58. The company has a market cap of $17.48 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The firm's 50 day simple moving average is $184.22 and its 200 day simple moving average is $179.98. C.H. Robinson Worldwide has a 1 year low of $115.71 and a 1 year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The business's quarterly revenue was up 19.3% compared to the same quarter last year. Sell-side analysts expect that C.H. Robinson Worldwide will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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