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

Schneider National, Inc. (NYSE:SNDR - Get Free Report) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.095 per share on Wednesday, April 9th. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, March 14th.

Schneider National has raised its dividend by an average of 10.7% per year over the last three years. Schneider National has a dividend payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Schneider National to earn $1.85 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 20.5%.

Schneider National Price Performance

NYSE SNDR traded down $0.21 on Thursday, hitting $29.51. 458,386 shares of the company were exchanged, compared to its average volume of 835,170. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market cap of $5.17 billion, a P/E ratio of 45.41, a P/E/G ratio of 1.92 and a beta of 0.93. Schneider National has a 1-year low of $20.50 and a 1-year high of $33.90. The firm has a 50 day moving average of $30.07 and a two-hundred day moving average of $28.79.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same quarter in the previous year, the company earned $0.16 EPS. On average, equities analysts predict that Schneider National will post 1.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on SNDR shares. Stifel Nicolaus lifted their target price on shares of Schneider National from $28.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on shares of Schneider National from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group reduced their target price on shares of Schneider National from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Wells Fargo & Company boosted their price target on Schneider National from $31.00 to $32.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, Bank of America increased their price objective on Schneider National from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Schneider National currently has an average rating of "Hold" and a consensus price target of $30.85.

Insider Transactions at Schneider National

In other Schneider National news, EVP Thomas G. Jackson sold 18,248 shares of Schneider National stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total value of $603,461.36. Following the completion of the transaction, the executive vice president now directly owns 66,526 shares of the company's stock, valued at $2,200,014.82. The trade was a 21.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $29.04, for a total value of $290,400.00. Following the sale, the insider now directly owns 95,191 shares in the company, valued at approximately $2,764,346.64. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,555 shares of company stock worth $2,153,011. 32.68% of the stock is owned by insiders.

About Schneider National

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.