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

Schneider National, Inc. (NYSE:SNDR) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.095 per share on Wednesday, April 9th. This represents a $0.38 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, March 14th.

Schneider National has increased its dividend by an average of 10.7% annually over the last three years. Schneider National has a 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 Stock Performance

Shares of Schneider National stock traded down $0.71 during trading on Monday, reaching $29.04. The company’s stock had a trading volume of 531,573 shares, compared to its average volume of 858,131. The business’s 50-day moving average price is $30.34 and its 200-day moving average price is $28.71. Schneider National has a 52 week low of $20.50 and a 52 week high of $33.90. The firm has a market cap of $5.09 billion, a PE ratio of 44.68, a P/E/G ratio of 1.92 and a beta of 0.93. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same period in the previous year, the company earned $0.16 earnings per share. Equities analysts forecast that Schneider National will post 1.13 earnings per share for the current year.

Insider Activity

In related news, COO Mark B. Rourke sold 32,057 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total value of $1,061,086.70. Following the completion of the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at $8,833,959.70. This represents a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shaleen Devgun sold 10,000 shares of the firm’s 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 transaction, the insider now directly owns 95,191 shares of the company’s stock, valued at approximately $2,764,346.64. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,555 shares of company stock valued at $2,153,011 over the last quarter. 18.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on SNDR shares. Benchmark boosted their price target on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Bank of America boosted their target price on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on shares of Schneider National from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday. Stifel Nicolaus upped their target price on Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price target on Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Schneider National presently has a consensus rating of “Hold” and an average target price of $30.85.

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.