C.H. Robinson Worldwide, Inc. (CHRW) To Go Ex-Dividend on March 6th

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Friday, March 6th will be given a dividend of 0.63 per share by the transportation company on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th.

C.H. Robinson Worldwide has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 27 years. C.H. Robinson Worldwide has a payout ratio of 46.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect C.H. Robinson Worldwide to earn $5.59 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 45.1%.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $193.32 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average price of $179.13 and a 200-day moving average price of $154.23. C.H. Robinson Worldwide has a 52 week low of $84.68 and a 52 week high of $203.34. The firm has a market capitalization of $22.93 billion, a PE ratio of 40.02, a P/E/G ratio of 1.97 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.11. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.21 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share 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.