Schneider National, Inc. (NYSE:SNDR) Announces $0.10 Quarterly Dividend

Schneider National, Inc. (NYSE:SNDR) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Wednesday, April 9th will be given a dividend of 0.095 per share on Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a yield of 1.26%.

Schneider National has raised its dividend payment by an average of 10.7% per year over the last three years. Schneider National has a payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Schneider National to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 33.3%.

Schneider National Stock Up 1.3 %

Shares of SNDR opened at $30.16 on Friday. The stock has a 50 day moving average price of $30.37 and a 200 day moving average price of $28.63. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 48.65, a PEG ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. Schneider National has a one year low of $20.50 and a one year high of $33.90.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. During the same quarter last year, the firm posted $0.16 EPS. Equities research analysts forecast that Schneider National will post 0.7 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Robert M. Reich, Jr. sold 6,250 shares of Schneider National stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total value of $198,062.50. Following the transaction, the chief accounting officer now directly owns 155,366 shares of the company’s stock, valued at $4,923,548.54. The trade was a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $29.04, for a total transaction of $290,400.00. Following the transaction, the insider now directly owns 95,191 shares in the company, valued at approximately $2,764,346.64. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock valued at $2,153,011 in the last 90 days. 32.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SNDR shares. Evercore ISI dropped their target price on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Susquehanna decreased their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Bank of America increased their target price on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, TD Cowen upped their price target on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.38.

About Schneider National

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.