Werner Enterprises, Inc. (NASDAQ:WERN) Plans Quarterly Dividend of $0.14

Key Points

• Werner Enterprises, Inc. declared a quarterly dividend of $0.14, payable on October 22nd to shareholders of record as of October 6th, representing a dividend yield of 2.2%.
• The company's recent stock performance shows a decline of 2.1%, trading at $26.03, with a market cap of $1.61 billion and a P/E ratio of 30.27.
• Despite a revenue decline of 1.0% year-over-year, Werner Enterprises reported earnings per share of $0.11 for the last quarter, exceeding analyst expectations.

Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) announced a quarterly dividend on Monday, August 11th, RTT News reports. Investors of record on Monday, October 6th will be given a dividend of 0.14 per share by the transportation company on Wednesday, October 22nd. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, October 6th.

Werner Enterprises has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Werner Enterprises to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 25.2%.

Werner Enterprises Stock Performance

WERN traded down $0.36 during trading on Thursday, hitting $28.31. The stock had a trading volume of 930,373 shares, compared to its average volume of 1,024,679. The firm has a market cap of $1.69 billion, a PE ratio of 32.92, a P/E/G ratio of 1.65 and a beta of 1.08. Werner Enterprises has a 12 month low of $23.02 and a 12 month high of $42.48. The company has a current ratio of 1.67, a quick ratio of 1.70 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $27.98 and a 200-day simple moving average of $29.17.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. The firm had revenue of $753.15 million for the quarter, compared to the consensus estimate of $736.09 million. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. The business's quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. Analysts expect that Werner Enterprises will post 1.27 EPS for the current year.

Werner Enterprises declared that its Board of Directors has approved a stock repurchase program on Monday, August 11th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Werner Enterprises Company Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.