Werner Enterprises, Inc. (NASDAQ:WERN) announced a quarterly dividend on Thursday, November 15th, RTT News reports. Shareholders of record on Wednesday, January 2nd will be given a dividend of 0.09 per share by the transportation company on Tuesday, January 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%.
Werner Enterprises has increased its dividend payment by an average of 9.1% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Werner Enterprises has a payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Werner Enterprises to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.0%.
Shares of WERN stock opened at $33.53 on Friday. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 0.98 and a beta of 1.08. Werner Enterprises has a 1 year low of $31.08 and a 1 year high of $43.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.37 and a current ratio of 1.41.
A number of brokerages recently commented on WERN. ValuEngine upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. BidaskClub raised shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Bank of America raised shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $41.00 to $44.00 in a research note on Tuesday, July 24th. Citigroup lifted their target price on shares of Werner Enterprises from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. Finally, Robert W. Baird lifted their target price on shares of Werner Enterprises from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.67.
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About Werner Enterprises
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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