Schneider National, Inc. (NYSE:SNDR) to Issue $0.10 Quarterly Dividend

Schneider National, Inc. (NYSE:SNDR) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, June 7th will be paid a dividend of 0.095 per share on Tuesday, July 9th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, June 7th.

Schneider National has increased its dividend payment by an average of 11.5% per year over the last three years and has increased its dividend every year for the last 5 years. Schneider National has a payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Schneider National to earn $1.73 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 22.0%.

Schneider National Stock Up 2.1 %

Shares of NYSE SNDR traded up $0.44 during midday trading on Thursday, reaching $21.52. 1,023,458 shares of the company’s stock were exchanged, compared to its average volume of 834,729. The business’s fifty day moving average price is $22.25 and its two-hundred day moving average price is $23.58. Schneider National has a 52-week low of $20.50 and a 52-week high of $31.74. The stock has a market capitalization of $3.79 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. Schneider National had a return on equity of 8.23% and a net margin of 4.34%. The firm’s revenue was down 12.2% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. Analysts forecast that Schneider National will post 1.09 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stephens reissued an “equal weight” rating and issued a $28.00 price target on shares of Schneider National in a research note on Monday, February 5th. Evercore ISI lowered shares of Schneider National from an “outperform” rating to an “inline” rating and set a $25.00 price target for the company. in a research note on Thursday, January 4th. Robert W. Baird lowered their price objective on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Benchmark restated a “buy” rating and issued a $27.00 target price on shares of Schneider National in a research report on Friday, April 12th. Finally, TD Cowen lowered their price target on Schneider National from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.07.

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.