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

Schneider National, Inc. (NYSE:SNDR) declared 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 annualized dividend and a yield of 1.29%. The ex-dividend date 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 Stock Up 1.6 %

SNDR opened at $29.51 on Wednesday. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. Schneider National has a 12 month low of $20.50 and a 12 month high of $33.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The business has a 50-day moving average of $30.20 and a two-hundred day moving average of $28.78.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, hitting 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 last year, the business earned $0.16 earnings per share. On average, research analysts expect that Schneider National will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. TD Cowen lifted their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Susquehanna boosted their target price on Schneider National from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Bank of America raised their price target on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Citigroup cut shares of Schneider National from a “neutral” rating to a “sell” rating and reduced their price target for the company from $32.00 to $30.00 in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group dropped their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.85.

Insider Transactions at Schneider National

In other Schneider National news, EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total transaction 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. This trade represents 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, COO Mark B. Rourke sold 32,057 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the transaction, the chief operating officer now directly owns 266,887 shares in the company, valued at $8,833,959.70. The trade was a 10.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,555 shares of company stock valued at $2,153,011. 18.83% of the stock is currently owned by insiders.

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.