C.H. Robinson Worldwide, Inc. Announces Quarterly Dividend of $0.63 (NASDAQ:CHRW)

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Friday, September 4th will be given a dividend of 0.63 per share by the transportation company on Friday, October 2nd. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th.

C.H. Robinson Worldwide has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 27 consecutive years. C.H. Robinson Worldwide has a dividend payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect C.H. Robinson Worldwide to earn $7.34 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 34.3%.

C.H. Robinson Worldwide Trading Up 1.8%

NASDAQ:CHRW traded up $2.64 during trading hours on Friday, hitting $149.30. The stock had a trading volume of 814,413 shares, compared to its average volume of 2,075,639. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.59 and a current ratio of 1.58. C.H. Robinson Worldwide has a one year low of $115.71 and a one year high of $210.33. The business’s 50 day moving average is $184.22 and its 200-day moving average is $179.98. The company has a market cap of $17.45 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 1.30 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the firm posted $1.29 EPS. The company’s quarterly revenue was up 19.3% on a year-over-year basis. Sell-side analysts anticipate that C.H. Robinson Worldwide will post 6.18 EPS for the current fiscal year.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.