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

Schneider National, Inc. (NYSE:SNDR) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis 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 dividend payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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

Shares of SNDR stock opened at $29.04 on Tuesday. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.90. The firm’s 50 day moving average is $30.28 and its 200-day moving average is $28.75. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 44.68, a PEG ratio of 1.92 and a beta of 0.93. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates 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 prior year, the business earned $0.16 earnings per share. Sell-side analysts forecast that Schneider National will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SNDR has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday. Stephens reissued an “equal weight” rating and set a $30.00 price target (down from $32.00) on shares of Schneider National in a research note on Monday. Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $32.00 to $30.00 in a research note on Tuesday, November 12th. TD Cowen boosted their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Bank of America upped their target price on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.85.

Insider Activity

In related news, CAO Robert M. Reich, Jr. sold 6,250 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total transaction of $198,062.50. Following the completion of the transaction, the chief accounting officer now owns 155,366 shares in the company, valued at approximately $4,923,548.54. This represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $290,400.00. Following the transaction, the insider now owns 95,191 shares of the company’s stock, valued at $2,764,346.64. The trade was a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,555 shares of company stock worth $2,153,011 over the last quarter. 18.83% of the stock is currently owned by company 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.