C.H. Robinson Worldwide, Inc. Announces Quarterly Dividend of $0.61 (NASDAQ:CHRW)

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Shareholders of record on Friday, June 7th will be given a dividend of 0.61 per share by the transportation company on Monday, July 1st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Friday, June 7th.

C.H. Robinson Worldwide has increased its dividend by an average of 6.2% annually over the last three years. C.H. Robinson Worldwide has a payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect C.H. Robinson Worldwide to earn $4.16 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 58.7%.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded up $1.46 during trading on Friday, hitting $82.72. 1,289,764 shares of the company's stock were exchanged, compared to its average volume of 1,901,738. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.40 and a current ratio of 1.37. The business has a 50-day simple moving average of $73.51 and a 200-day simple moving average of $78.98. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $102.24. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 3.78 and a beta of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.27 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm's revenue was down 4.3% compared to the same quarter last year. On average, research analysts forecast that C.H. Robinson Worldwide will post 3.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CHRW shares. JPMorgan Chase & Co. raised their target price on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an "underweight" rating in a report on Thursday, May 2nd. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a "hold" rating in a research report on Thursday, May 2nd. Bank of America reduced their target price on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an "underperform" rating on the stock in a research note on Monday, April 15th. BNP Paribas reissued a "neutral" rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Finally, Barclays upped their target price on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an "underweight" rating in a research note on Thursday, May 2nd. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $82.60.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.