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

Schneider National, Inc. (NYSE:SNDR - Get Free Report) announced a quarterly dividend on Wednesday, April 30th, RTT News reports. Investors of record on Friday, June 13th will be paid a dividend of 0.095 per share on Thursday, July 10th. This represents a $0.38 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, June 13th.

Schneider National has increased its dividend by an average of 10.7% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Schneider National has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Schneider National to earn $1.82 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 20.9%.

Schneider National Price Performance

Schneider National stock traded up $0.23 during midday trading on Monday, reaching $22.97. 246,924 shares of the stock were exchanged, compared to its average volume of 813,850. Schneider National has a 52 week low of $20.59 and a 52 week high of $33.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The firm has a market cap of $4.03 billion, a PE ratio of 35.36, a PEG ratio of 0.54 and a beta of 1.11. The company's fifty day moving average is $23.22 and its 200-day moving average is $27.45.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the business posted $0.11 earnings per share. The firm's revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Schneider National will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SNDR. The Goldman Sachs Group reduced their target price on Schneider National from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company dropped their target price on Schneider National from $32.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Citigroup upgraded shares of Schneider National from a "sell" rating to a "neutral" rating and reduced their price target for the company from $25.00 to $23.00 in a research report on Tuesday, April 8th. Susquehanna cut their price objective on shares of Schneider National from $32.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, March 26th. Finally, UBS Group decreased their target price on shares of Schneider National from $32.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $26.43.

Schneider National Company Profile

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.