Schneider National Inc (NYSE:SNDR) Plans $0.07 Quarterly Dividend

Schneider National Inc (NYSE:SNDR) announced a quarterly dividend on Tuesday, July 28th, Zacks reports. Stockholders of record on Friday, September 11th will be paid a dividend of 0.065 per share on Thursday, October 8th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Thursday, September 10th.

Schneider National has a dividend payout ratio of 25.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Schneider National to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 19.8%.

NYSE SNDR traded up $0.33 during mid-day trading on Wednesday, hitting $24.98. The company’s stock had a trading volume of 6,376 shares, compared to its average volume of 539,503. The firm has a market capitalization of $4.44 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 4.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.07 and a quick ratio of 2.95. Schneider National has a 52-week low of $15.36 and a 52-week high of $26.46. The stock’s fifty day simple moving average is $24.35 and its two-hundred day simple moving average is $21.87.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.10 billion. Schneider National had a net margin of 3.29% and a return on equity of 10.18%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, equities analysts forecast that Schneider National will post 1.02 earnings per share for the current fiscal year.

A number of research analysts have commented on SNDR shares. Citigroup boosted their price objective on Schneider National from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. TheStreet raised Schneider National from a “c+” rating to a “b-” rating in a research report on Thursday, May 28th. Credit Suisse Group increased their price objective on shares of Schneider National from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. UBS Group boosted their target price on shares of Schneider National from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Cowen reaffirmed a “hold” rating and set a $22.00 price target on shares of Schneider National in a report on Thursday, April 30th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Schneider National currently has an average rating of “Buy” and an average target price of $23.82.

Schneider National Company Profile

Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.

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Dividend History for Schneider National (NYSE:SNDR)

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