Schneider National, Inc. (NYSE:SNDR) Declares Quarterly Dividend of $0.10

Schneider National, Inc. (NYSE:SNDR - Get Free Report) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Friday, June 7th will be given a dividend of 0.095 per share on Tuesday, July 9th. This represents a $0.38 annualized dividend and a yield of 1.77%. The ex-dividend date is Friday, June 7th.

Schneider National has raised its dividend payment by an average of 11.5% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Schneider National has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Schneider National to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 22.0%.

Schneider National Trading Up 2.1 %

Shares of NYSE:SNDR traded up $0.44 during midday trading on Thursday, reaching $21.52. 1,023,463 shares of the company's stock were exchanged, compared to its average volume of 838,717. The firm's 50 day simple moving average is $22.25 and its two-hundred day simple moving average is $23.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.64. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.38 and a beta of 0.91. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $31.74.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.05). Schneider National had a net margin of 4.34% and a return on equity of 8.23%. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter in the previous year, the business posted $0.64 EPS. The business's quarterly revenue was down 12.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Schneider National will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SNDR. Susquehanna dropped their target price on Schneider National from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, March 25th. Bank of America dropped their target price on Schneider National from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, April 15th. Evercore ISI downgraded Schneider National from an "outperform" rating to an "inline" rating and set a $25.00 price target on the stock. in a research note on Thursday, January 4th. Stifel Nicolaus decreased their price target on Schneider National from $27.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, April 18th. Finally, TD Cowen decreased their price target on Schneider National from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $28.07.

About Schneider National

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.