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

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 annualized dividend and a dividend yield of 1.82%.

Schneider National has increased its dividend payment by an average of 10.7% per year over the last three years. Schneider National has a payout ratio of 25.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NYSE SNDR traded down $0.82 during mid-day trading on Wednesday, hitting $20.88. The company had a trading volume of 13,671 shares, compared to its average volume of 812,280. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 0.54 and a beta of 1.10. Schneider National has a 12 month low of $20.61 and a 12 month high of $33.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The firm's 50 day simple moving average is $23.51 and its two-hundred day simple moving average is $27.57.

Schneider National (NYSE:SNDR - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same quarter in the prior year, the company posted $0.16 EPS. As a group, equities research analysts forecast that Schneider National will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SNDR shares. Susquehanna cut their target price on Schneider National from $32.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 26th. The Goldman Sachs Group cut 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. Citigroup upgraded Schneider National from a "sell" rating to a "neutral" rating and lowered their price target for the company from $25.00 to $23.00 in a research report on Tuesday, April 8th. Stephens reiterated an "equal weight" rating and set a $30.00 price target (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lowered their price target on Schneider National from $32.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Schneider National presently has an average rating of "Hold" and an average price target of $26.93.

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.

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