Werner Enterprises, Inc. (WERN) to Issue Quarterly Dividend of $0.14 on July 22nd

Werner Enterprises, Inc. (NASDAQ:WERN) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, July 6th will be paid a dividend of 0.14 per share by the transportation company on Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th.

Werner Enterprises has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Werner Enterprises has a dividend payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Werner Enterprises to earn $1.95 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 28.7%.

Werner Enterprises Stock Performance

Shares of NASDAQ WERN opened at $43.20 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. Werner Enterprises has a one year low of $23.06 and a one year high of $45.27. The business has a 50-day moving average price of $39.95 and a two-hundred day moving average price of $34.80. The firm has a market capitalization of $2.59 billion, a PE ratio of -288.00, a PEG ratio of 0.91 and a beta of 1.26.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $730.14 million during the quarter, compared to analyst estimates of $812.50 million. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) earnings per share. As a group, analysts predict that Werner Enterprises will post 0.94 earnings per share for the current fiscal year.

About Werner Enterprises

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.