Werner Enterprises, Inc. (WERN) to Issue Quarterly Dividend of $0.14 on October 21st

Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Friday, August 7th. Shareholders of record on Monday, October 5th will be paid a dividend of $0.14 per share by the transportation company on Wednesday, October 21st. This represents a $0.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, October 5th.

Werner Enterprises has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. Werner Enterprises has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Werner Enterprises to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 23.7%.

Werner Enterprises Trading Up 3.1%

Shares of NASDAQ WERN opened at $35.35 on Friday. The firm’s 50 day moving average price is $37.23 and its 200-day moving average price is $37.57. Werner Enterprises has a 52-week low of $23.06 and a 52-week high of $47.49. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. The company has a market cap of $2.12 billion, a PE ratio of -46.51 and a beta of 1.29.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $813.36 million during the quarter, compared to analysts’ expectations of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.Werner Enterprises’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share. On average, equities research analysts expect that Werner Enterprises will post 1.11 EPS for the current fiscal year.

About Werner Enterprises

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by C.L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and logistics services. Its truckload business transports general commodities through one-way and dedicated fleets, while its logistics operations arrange transportation using a network of carriers and other service providers.