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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Friday, September 4th will be given a dividend of 0.63 per share by the transportation company on Friday, October 2nd. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th.

C.H. Robinson Worldwide has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 27 years. C.H. Robinson Worldwide has a payout ratio of 46.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect C.H. Robinson Worldwide to earn $7.34 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 34.3%.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $2.92 during trading hours on Friday, reaching $149.58. The company had a trading volume of 750,546 shares, compared to its average volume of 2,075,353. The company has a quick ratio of 1.59, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average of $184.22 and a two-hundred day moving average of $179.98. C.H. Robinson Worldwide has a one year low of $115.71 and a one year high of $210.33. The firm has a market capitalization of $17.48 billion, a PE ratio of 28.53, a PEG ratio of 1.30 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the business earned $1.29 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. Analysts forecast that C.H. Robinson Worldwide will post 6.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in C.H. Robinson Worldwide by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after purchasing an additional 364,163 shares during the period. State Street Corp lifted its stake in shares of C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Wellington Management Group LLP boosted its holdings in C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after acquiring an additional 4,751,034 shares during the period. Boston Partners grew its position in C.H. Robinson Worldwide by 6.1% during the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after acquiring an additional 213,245 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.