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

Schneider National, Inc. (NYSE:SNDR) declared a quarterly dividend on Monday, October 28th,Zacks Dividends reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.095 per share on Wednesday, January 8th. This represents a $0.38 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, December 13th.

Schneider National has raised its dividend by an average of 11.5% per year over the last three years. Schneider National has a dividend payout ratio of 32.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Schneider National to earn $1.24 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 30.6%.

Schneider National Stock Down 0.6 %

Shares of NYSE SNDR opened at $31.35 on Wednesday. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 50.56, a P/E/G ratio of 3.29 and a beta of 0.89. Schneider National has a 12-month low of $20.50 and a 12-month high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $29.77 and its 200-day moving average price is $26.92.

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

Wall Street Analysts Forecast Growth

SNDR has been the topic of several recent analyst reports. Susquehanna reduced their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Benchmark raised their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. reduced their price target on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Bank of America boosted their price objective on Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Schneider National presently has a consensus rating of “Hold” and an average price target of $29.08.

Insider Activity

In other news, EVP Thomas G. Jackson sold 18,248 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the sale, the executive vice president now directly owns 66,526 shares in the company, valued at approximately $2,200,014.82. This trade represents a 21.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the chief accounting officer now owns 155,366 shares of the company’s stock, valued at approximately $4,923,548.54. This trade represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,555 shares of company stock worth $1,862,611. Corporate insiders own 18.83% of the company’s stock.

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.