TFI International Inc. Declares Quarterly Dividend of $0.45 (NYSE:TFII)

Key Points

• TFI International Inc. has declared a quarterly dividend of $0.45 per share, which will be paid to shareholders on October 15th for those on record as of September 30th, reflecting an annualized yield of 1.9%.
• The company has a low payout ratio of 17.3%, indicating that its dividend is well-covered by earnings, with expected earnings per share of $9.51 in the coming year.
• TFI International recently reported a quarterly EPS of $1.34, surpassing estimates, alongside a revenue of $2.04 billion, significantly above analyst expectations.

TFI International Inc. (NYSE:TFII - Get Free Report) announced a quarterly dividend on Monday, September 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.45 per share on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 30th.

TFI International has a payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TFI International to earn $9.51 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 16.8%.

TFI International Trading Up 1.1%

NYSE:TFII opened at $94.70 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.05. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 3.23 and a beta of 1.47. TFI International has a 52 week low of $72.02 and a 52 week high of $155.12. The firm has a 50-day moving average price of $91.38 and a two-hundred day moving average price of $86.87.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.24 by $0.10. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. TFI International had a net margin of 4.48% and a return on equity of 15.45%. On average, equities analysts expect that TFI International will post 7.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TFII. Dixon Mitchell Investment Counsel Inc. boosted its holdings in TFI International by 44.4% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company's stock valued at $73,714,000 after purchasing an additional 251,444 shares during the period. QV Investors Inc. boosted its holdings in TFI International by 60.6% in the 1st quarter. QV Investors Inc. now owns 350,096 shares of the company's stock valued at $27,103,000 after purchasing an additional 132,166 shares during the period. Argent Capital Management LLC lifted its holdings in shares of TFI International by 303.4% during the 2nd quarter. Argent Capital Management LLC now owns 142,864 shares of the company's stock worth $12,811,000 after acquiring an additional 107,451 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of TFI International by 19.1% during the 2nd quarter. Geode Capital Management LLC now owns 632,426 shares of the company's stock worth $57,214,000 after acquiring an additional 101,218 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of TFI International by 877.9% during the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock worth $6,077,000 after acquiring an additional 70,442 shares during the last quarter. 73.30% of the stock is owned by institutional investors.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.

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