C.H. Robinson Worldwide, Inc. (CHRW) To Go Ex-Dividend on September 4th

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) announced a quarterly dividend on Thursday, August 6th. Stockholders 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 dividend 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%annually over the last three years and has raised its dividend annually for the last 27 consecutive years. C.H. Robinson Worldwide has a payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NASDAQ:CHRW opened at $149.35 on Friday. The company has a 50-day moving average price of $183.63 and a two-hundred day moving average price of $179.76. C.H. Robinson Worldwide has a twelve month low of $115.71 and a twelve month high of $210.33. The company has a quick ratio of 1.59, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $17.45 billion, a PE ratio of 28.50, a P/E/G ratio of 1.24 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities analysts forecast that C.H. Robinson Worldwide will post 6.18 EPS for the current 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.