C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Announces Quarterly Dividend of $0.62

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, December 6th will be paid a dividend of 0.62 per share by the transportation company on Thursday, January 2nd. This represents a $2.48 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, December 6th.

C.H. Robinson Worldwide has raised its dividend payment by an average of 6.2% annually over the last three years and has increased its dividend annually for the last 27 consecutive years. C.H. Robinson Worldwide has a dividend payout ratio of 51.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect C.H. Robinson Worldwide to earn $4.74 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 52.3%.

C.H. Robinson Worldwide Stock Up 0.6 %

Shares of C.H. Robinson Worldwide stock traded up $0.65 on Friday, hitting $108.56. 933,091 shares of the company’s stock traded hands, compared to its average volume of 1,540,121. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $113.10. The company has a quick ratio of 1.42, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market cap of $12.83 billion, a P/E ratio of 37.56, a PEG ratio of 1.19 and a beta of 0.84. The firm’s 50-day moving average is $106.00 and its 200 day moving average is $94.40.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. Equities analysts anticipate that C.H. Robinson Worldwide will post 4.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CHRW. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $140.00 in a report on Friday, October 4th. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Susquehanna reduced their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $106.25.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.