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C.H. Robinson Announces a 2.2% Quarterly Dividend Raise
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C.H. Robinson Worldwide, Inc. (CHRW - Free Report) 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. , International Consolidated Airlines Group SA (ICAGY - Free Report) and Deutsche Lufthansa AG (DLAKY - Free Report) . 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.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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C.H. Robinson Announces a 2.2% Quarterly Dividend Raise
C.H. Robinson Worldwide, Inc. (CHRW - Free Report) 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. , International Consolidated Airlines Group SA (ICAGY - Free Report) and Deutsche Lufthansa AG (DLAKY - Free Report) . 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.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>