Werner Enterprises, Inc. (NASDAQ:WERN) to Issue $0.14 Quarterly Dividend

Werner Enterprises, Inc. (NASDAQ:WERN) announced a quarterly dividend on Monday, November 17th. Investors of record on Monday, January 5th will be given a dividend of 0.14 per share by the transportation company on Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, January 5th.

Werner Enterprises has decreased its dividend by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Werner Enterprises has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Werner Enterprises to earn $2.22 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 25.2%.

Werner Enterprises Trading Down 2.8%

WERN opened at $23.67 on Tuesday. Werner Enterprises has a fifty-two week low of $23.02 and a fifty-two week high of $41.18. The firm has a market capitalization of $1.42 billion, a PE ratio of 27.52, a P/E/G ratio of 1.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.67 and a quick ratio of 1.63. The company’s 50-day moving average is $26.87 and its 200 day moving average is $27.42.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, October 30th. The transportation company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.18). The company had revenue of $712.04 million during the quarter, compared to analysts’ expectations of $763.63 million. Werner Enterprises had a return on equity of 0.92% and a net margin of 1.77%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share. As a group, research analysts predict that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises declared that its Board of Directors has authorized a stock repurchase plan on Monday, August 11th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

About Werner Enterprises

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.