C.H. Robinson Worldwide, Inc. (CHRW) to Issue Quarterly Dividend of $0.63 on July 2nd

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Friday, June 5th will be paid a dividend of 0.63 per share by the transportation company on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th.

C.H. Robinson Worldwide has raised its dividend payment by an average of 0.0%annually 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% meaning its dividend is sufficiently covered by earnings. Research analysts expect C.H. Robinson Worldwide to earn $7.20 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 35.0%.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $178.52 on Wednesday. The business’s fifty day moving average is $172.89 and its two-hundred day moving average is $172.08. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $21.04 billion, a P/E ratio of 36.14, a P/E/G ratio of 1.55 and a beta of 0.91. C.H. Robinson Worldwide has a 52 week low of $92.36 and a 52 week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. Equities research analysts forecast that C.H. Robinson Worldwide will post 6.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $25,000. Millstone Evans Group LLC boosted its position in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. DV Equities LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $27,000. Cornerstone Planning Group LLC grew its stake in shares of C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares during the period. Finally, Bayban bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at about $32,000. 93.15% of the stock is owned by institutional investors.

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.