Schneider National, Inc. (SNDR) to Distribute Quarterly Dividend of $0.10 on March 14th

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 paid a dividend of 0.095 per share on Friday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 1.26%.

Schneider National has increased its dividend payment by an average of 10.7% per year over the last three years. Schneider National has a dividend payout ratio of 21.2% meaning its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE:SNDR opened at $30.16 on Friday. 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 firm’s 50 day simple moving average is $30.37 and its 200 day simple moving average is $28.63. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $33.90. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 48.65, a P/E/G ratio of 1.90 and a beta of 0.93.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. During the same period in the previous year, the business posted $0.16 EPS. As a group, sell-side analysts forecast that Schneider National will post 0.7 earnings per share for the current year.

Insider Buying and Selling at Schneider National

In related news, COO Mark B. Rourke sold 32,057 shares of the stock in a transaction on 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 sale, the chief operating officer now directly owns 266,887 shares of the company’s stock, valued at $8,833,959.70. This trade represents a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $29.04, for a total value of $290,400.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,555 shares of company stock valued at $2,153,011. Corporate insiders own 32.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SNDR. Benchmark increased their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group cut their price target on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and decreased their target price for the company from $32.00 to $30.00 in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their price target on Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Susquehanna reduced their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. One equities research 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. Based on data from MarketBeat, Schneider National has an average rating of “Hold” and an average target price of $29.38.

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.