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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, December 6th will be given 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% per year 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 $4.77 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 52.0%.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $0.65 during trading hours on Friday, hitting $108.56. The stock had a trading volume of 933,091 shares, compared to its average volume of 1,316,013. The company has a 50 day simple moving average of $106.00 and a two-hundred day simple moving average of $94.57. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of 37.56, a P/E/G ratio of 1.22 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.42. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. Research analysts forecast that C.H. Robinson Worldwide will post 4.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHRW. Bank of America raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and raised their target price for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. The Goldman Sachs Group raised their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Evercore ISI increased their target price on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, Citigroup began coverage on C.H. Robinson Worldwide in a research report on Wednesday, October 9th. They set a "neutral" rating and a $115.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently 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.