C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) announced a quarterly dividend on Thursday, December 7th, RTT News reports. Shareholders of record on Monday, December 18th will be given a dividend of 0.46 per share by the transportation company on Friday, December 29th. This represents a $1.84 dividend on an annualized basis and a yield of 2.11%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.45.

C.H. Robinson Worldwide has increased its dividend payment by an average of 7.5% per year over the last three years and has raised its dividend every year for the last 10 years. C.H. Robinson Worldwide has a dividend payout ratio of 54.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect C.H. Robinson Worldwide to earn $3.69 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 48.8%.

C.H. Robinson Worldwide (NASDAQ CHRW) traded up $1.23 on Thursday, hitting $87.15. The stock had a trading volume of 1,479,800 shares, compared to its average volume of 1,529,775. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24. C.H. Robinson Worldwide has a twelve month low of $63.41 and a twelve month high of $89.11. The firm has a market capitalization of $11,977.70, a PE ratio of 25.65, a P/E/G ratio of 2.95 and a beta of 0.48.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. equities research analysts forecast that C.H. Robinson Worldwide will post 3.33 earnings per share for the current fiscal year.

In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 1,738 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $78.75, for a total value of $136,867.50. Following the completion of the transaction, the insider now directly owns 24,348 shares in the company, valued at approximately $1,917,405. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Angela K. Freeman sold 1,300 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $80.64, for a total value of $104,832.00. The disclosure for this sale can be found here. Insiders have sold a total of 22,903 shares of company stock valued at $1,854,925 over the last 90 days. Insiders own 0.85% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Wednesday, November 8th. Goldman Sachs Group assumed coverage on C.H. Robinson Worldwide in a research report on Monday, November 13th. They issued a “neutral” rating and a $78.00 price target on the stock. Stifel Nicolaus boosted their price target on C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Oppenheimer restated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, November 1st. Finally, Cowen boosted their price target on C.H. Robinson Worldwide from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $77.35.

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C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

Dividend History for C.H. Robinson Worldwide (NASDAQ:CHRW)

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