C.H. Robinson Worldwide, Inc. (CHRW) to Issue Quarterly Dividend of $0.63 on January 5th

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a quarterly dividend on Thursday, November 5th. Investors of record on Friday, December 4th will be paid a dividend of $0.63 per share by the transportation company on Tuesday, January 5th. This represents a $2.52 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, December 4th.

C.H. Robinson Worldwide has a dividend payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect C.H. Robinson Worldwide to earn $7.43 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 33.9%.

C.H. Robinson Worldwide Trading Down 2.3%

Shares of NASDAQ CHRW opened at $125.33 on Friday. The stock has a market cap of $14.53 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. C.H. Robinson Worldwide has a 52-week low of $122.21 and a 52-week high of $210.33. The firm has a 50 day moving average price of $143.65 and a two-hundred day moving average price of $168.46. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 1.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 28th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.05. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The business’s revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 earnings per share. As a group, equities analysts forecast that C.H. Robinson Worldwide will post 6.36 EPS for the current year.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.