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

Schneider National, Inc. (NYSE:SNDR) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors 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 dividend on an annualized basis and a yield of 1.27%.

Schneider National has increased its dividend by an average of 10.7% per year over the last three years. Schneider National has a 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 Price Performance

SNDR stock traded down $0.05 during mid-day trading on Wednesday, reaching $29.87. 38,534 shares of the company traded hands, compared to its average volume of 775,887. The company has a fifty day moving average price of $30.43 and a 200-day moving average price of $28.61. Schneider National has a 52-week low of $20.50 and a 52-week high of $33.90. The company has a market capitalization of $5.23 billion, a P/E ratio of 48.19, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

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

Insider Activity

In related news, COO Mark B. Rourke sold 32,057 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 266,887 shares in the company, valued at $8,833,959.70. The trade was a 10.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas G. Jackson sold 18,248 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the transaction, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at $2,200,014.82. The trade was a 21.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,555 shares of company stock valued at $2,153,011. 18.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. TD Cowen boosted their target price on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Evercore ISI cut their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Susquehanna decreased their price target on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Benchmark upped 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $29.38.

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.