Schneider National, Inc. Plans Quarterly Dividend of $0.10 (NYSE:SNDR)

Schneider National, Inc. (NYSE:SNDR - Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.095 per share on Wednesday, January 8th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, December 13th.

Schneider National has increased its dividend payment by an average of 11.5% per year over the last three years. Schneider National has a payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Schneider National to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 25.3%.

Schneider National Price Performance

Shares of SNDR stock traded down $0.22 during trading on Thursday, hitting $28.27. The company had a trading volume of 382,045 shares, compared to its average volume of 825,557. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59. The firm has a market capitalization of $4.96 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 2.84 and a beta of 0.85. The stock's 50-day moving average price is $27.64 and its 200 day moving average price is $24.98. Schneider National has a one year low of $20.50 and a one year high of $29.18.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. Equities analysts expect that Schneider National will post 0.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.60, for a total transaction of $276,000.00. Following the transaction, the insider now owns 55,726 shares of the company's stock, valued at $1,538,037.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 32.68% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SNDR shares. UBS Group upped their target price on Schneider National from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. Stifel Nicolaus cut Schneider National from a "buy" rating to a "hold" rating and set a $25.00 target price for the company. in a research note on Thursday, August 8th. Evercore ISI cut their target price on Schneider National from $28.00 to $27.00 and set an "in-line" rating for the company in a research note on Thursday, October 3rd. Susquehanna increased their price target on Schneider National from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group dropped their price target on Schneider National from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.08.

Schneider National Company Profile

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.