C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Declares Quarterly Dividend of $0.63

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.63 per share by the transportation company on Tuesday, January 5th. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, December 4th.

C.H. Robinson Worldwide has a dividend payout ratio of 46.1% meaning its dividend is sufficiently covered by earnings. Analysts expect C.H. Robinson Worldwide to earn $7.43 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 33.9%.

C.H. Robinson Worldwide Stock Down 0.2%

CHRW stock opened at $128.00 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 1.58. The company’s 50 day simple moving average is $144.17 and its 200-day simple moving average is $168.71. C.H. Robinson Worldwide has a 12 month low of $122.21 and a 12 month high of $210.33. The firm has a market capitalization of $14.84 billion, a PE ratio of 22.97, a P/E/G ratio of 1.09 and a beta of 0.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, October 28th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.05. C.H. Robinson Worldwide had a return on equity of 42.49% and a net margin of 3.67%. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the previous year, the firm posted $1.40 EPS. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. Equities analysts expect that C.H. Robinson Worldwide will post 6.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at $579,922,000. Bank of New York Mellon Corp acquired a new position in C.H. Robinson Worldwide during the second quarter worth $172,626,000. Hamlin Capital Management LLC bought a new position in C.H. Robinson Worldwide during the third quarter valued at about $123,176,000. Vontobel Holding Ltd. raised its holdings in C.H. Robinson Worldwide by 47,894.2% during the third quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company’s stock valued at $122,993,000 after buying an additional 829,527 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in C.H. Robinson Worldwide by 532.7% during the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company’s stock valued at $109,594,000 after buying an additional 555,631 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.