Schneider National, Inc. (SNDR) to Issue Quarterly Dividend of $0.10 on April 9th

Schneider National, Inc. (NYSE:SNDR) declared a quarterly dividend on Monday, January 27th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.095 per share on Wednesday, April 9th. This represents a $0.38 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, March 14th.

Schneider National has raised its dividend by an average of 10.7% annually over the last three years. Schneider National has a payout ratio of 21.6% meaning 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 $0.38 annual dividend with an expected future payout ratio of 20.9%.

Schneider National Price Performance

SNDR stock opened at $24.35 on Wednesday. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.90. The company has a market cap of $4.27 billion, a P/E ratio of 37.45, a PEG ratio of 0.54 and a beta of 0.87. The firm has a 50-day moving average of $28.27 and a 200 day moving average of $28.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period in the prior year, the company earned $0.16 earnings per share. On average, sell-side analysts forecast that Schneider National will post 1.12 EPS for the current year.

Insiders Place Their Bets

In other Schneider National news, 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 value of $290,400.00. Following the completion of the sale, the insider now owns 95,191 shares of the company’s stock, valued at approximately $2,764,346.64. The trade was a 9.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 32.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on SNDR shares. Stifel Nicolaus raised their target price on shares of Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Bank of America raised their target price on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. decreased their target price on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and decreased their target price for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. Finally, Benchmark raised their target price on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Schneider National has an average rating of “Hold” and a consensus price target of $30.85.

Schneider National Company Profile

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.