Yahoo Finance C.H. Robinson Announces a 2.2% Quarterly Dividend Raise
C.H. Robinson Worldwide, Inc. CHRW recently announced a dividend hike. The move indicates the company’s commitment to create value for shareholders as well as underlines its confidence in business growth.
The company raised its quarterly dividend by 2.2% to 46 cents per share (or $1.84 annually) from 45 cents (or $1.80 annually). Approved by the company’s board of directors, the dividend will be paid on Dec 29 to the shareholders of record as on Dec 18.
The company has an impressive dividend payment history of more than 25 years. Last December, the company had hiked its quarterly cash dividend by 4.7%. As of Dec 7, 2017, the company had around 139,704,914 outstanding shares.
Investors always prefer an income-generating stock. Hence a high dividend-yielding one is obviously much coveted. It goes without saying that investors are always on the lookout for companies with a track record of consistent and incremental dividend payments to put their money on.
C.H. Robinson has been performing well of late. Shares of the company have gained 21.4% in the last three months against the industry’s decline of 6.5% during the period.
The dividend increase is likely to further improve the stock.
Zacks Rank & Key Picks
C.H. Robinson carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are Gol Linhas Aereas Inteligentes S.A. GOL, International Consolidated Airlines Group SA ICAGY and Deutsche Lufthansa AG DLAKY. While Gol Linhas and International Consolidated Airlines sport a Zacks Rank #1 (Strong Buy), Deutsche Lufthansa carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Gol Linhas, International Consolidated Airlines and Deutsche Lufthansa have soared more than 200%, 56% and 100%, respectively, in a year.
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C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report
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