Schneider National, Inc. (NYSE:SNDR) Raises Dividend to $0.10 Per Share

Schneider National, Inc. (NYSE:SNDR) declared a quarterly dividend on Monday, January 26th. Stockholders of record on Friday, March 13th will be given a dividend of 0.10 per share on Wednesday, April 8th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 13th. This is a 5.3% increase from Schneider National’s previous quarterly dividend of $0.10.

Schneider National has decreased its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Schneider National has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Schneider National to earn $1.82 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 22.0%.

Schneider National Trading Down 3.0%

NYSE SNDR traded down $0.77 during mid-day trading on Wednesday, hitting $25.06. The company’s stock had a trading volume of 710,772 shares, compared to its average volume of 940,436. The firm has a market capitalization of $4.39 billion, a P/E ratio of 42.61, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.95. Schneider National has a 52-week low of $20.11 and a 52-week high of $30.98. The stock’s fifty day simple moving average is $28.58 and its two-hundred day simple moving average is $25.34.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Schneider National’s quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts expect that Schneider National will post 1.12 EPS for the current year.

Insider Buying and Selling

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $28.89, for a total transaction of $173,340.00. Following the completion of the sale, the chief financial officer owned 66,275 shares in the company, valued at $1,914,684.75. This trade represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.43% of the company’s stock.

Institutional Investors Weigh In On Schneider National

Several hedge funds and other institutional investors have recently modified their holdings of SNDR. Amalgamated Bank boosted its stake in Schneider National by 3.2% during the third quarter. Amalgamated Bank now owns 14,768 shares of the company’s stock valued at $312,000 after buying an additional 462 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Schneider National by 5.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,009 shares of the company’s stock valued at $319,000 after acquiring an additional 674 shares during the last quarter. Baker Avenue Asset Management LP boosted its position in shares of Schneider National by 7.2% during the 4th quarter. Baker Avenue Asset Management LP now owns 11,409 shares of the company’s stock valued at $303,000 after purchasing an additional 764 shares in the last quarter. Teza Capital Management LLC grew its stake in shares of Schneider National by 6.2% in the 2nd quarter. Teza Capital Management LLC now owns 13,719 shares of the company’s stock worth $331,000 after purchasing an additional 802 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Schneider National by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,068 shares of the company’s stock worth $291,000 after purchasing an additional 821 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

About Schneider National

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.