Schneider National, Inc. (NYSE:SNDR – Get Free Report) announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Friday, June 12th will be given a dividend of 0.10 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, June 12th.
Schneider National has decreased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Schneider National has a dividend payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Schneider National to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 27.6%.
Schneider National Stock Performance
Shares of SNDR opened at $31.13 on Friday. The firm has a fifty day moving average of $27.24 and a 200-day moving average of $26.34. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 52.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.13. Schneider National has a 1 year low of $20.11 and a 1 year high of $31.56.
Analyst Ratings Changes
Several equities research analysts have commented on SNDR shares. Susquehanna raised their price target on shares of Schneider National from $28.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. UBS Group reissued a “neutral” rating on shares of Schneider National in a report on Friday, January 30th. Bank of America upgraded Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Friday, January 9th. Citigroup raised Schneider National from a “sell” rating to a “neutral” rating and set a $27.00 target price on the stock in a research note on Monday, March 9th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Schneider National in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.36.
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Schneider National Company Profile
Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.
Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.
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