Werner Enterprises, Inc. Declares Quarterly Dividend of $0.14 (NASDAQ:WERN)

Werner Enterprises, Inc. (NASDAQ:WERN – Get Free Report) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Monday, October 5th will be given a dividend of 0.14 per share by the transportation company on Wednesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, October 5th.

Werner Enterprises has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 4 years. Werner Enterprises has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Werner Enterprises to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 25.8%.

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Werner Enterprises Price Performance

Shares of Werner Enterprises stock traded up $1.07 during trading on Wednesday, hitting $37.50. 105,463 shares of the stock traded hands, compared to its average volume of 1,168,701. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of -49.34, a PEG ratio of 0.65 and a beta of 1.27. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.60. Werner Enterprises has a 52 week low of $23.06 and a 52 week high of $47.49. The firm’s fifty day moving average is $41.98 and its 200-day moving average is $36.68.

Werner Enterprises (NASDAQ:WERN – Get Free Report) last released its earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $813.36 million during the quarter, compared to the consensus estimate of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The business’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. Research analysts expect that Werner Enterprises will post 1.13 EPS for the current fiscal year.

About Werner Enterprises

(Get Free Report)

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.

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