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

Schneider National, Inc. (NYSE:SNDR) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Wednesday, April 9th will be given a dividend of 0.095 per share on Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.28%.

Schneider National has increased its dividend payment by an average of 10.7% annually over the last three years. Schneider National has a dividend payout ratio of 21.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Schneider National to earn $1.14 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 33.3%.

Schneider National Stock Performance

SNDR stock opened at $29.78 on Thursday. The company has a market cap of $5.22 billion, a P/E ratio of 48.02, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. Schneider National has a 1 year low of $20.50 and a 1 year 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 stock’s fifty day moving average price is $30.40 and its 200-day moving average price is $28.62.

Schneider National (NYSE:SNDR) last released its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. On average, equities analysts forecast that Schneider National will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SNDR shares. The Goldman Sachs Group lowered their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Bank of America lifted their target price on Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lowered their target price on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Susquehanna lowered their price objective on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Evercore ISI lowered their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.38.

Insider Transactions at Schneider National

In other Schneider National news, CAO Robert M. Reich, Jr. sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total transaction of $198,062.50. Following the sale, the chief accounting officer now directly owns 155,366 shares of the company’s stock, valued at $4,923,548.54. The trade was a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mark B. Rourke sold 32,057 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total value of $1,061,086.70. Following the transaction, the chief operating officer now owns 266,887 shares of the company’s stock, valued at $8,833,959.70. This trade represents a 10.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,555 shares of company stock valued at $2,153,011. 32.68% 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.