Schneider National, Inc. has announced an increase to its quarterly dividend, with the board of directors declaring a quarterly cash dividend of $0.095 per share on its class A and class B common stock. This marks a 6% increase over the previous quarterly dividend of $0.09 per share. The dividend is payable to shareholders of record as of March 8, 2024, and is expected to be paid on April 9, 2024.
Mark Rourke, President and CEO of Schneider, commented on the announcement, saying, "We are pleased to announce an increase to our quarterly dividend, reflecting our continued commitment to delivering value to our shareholders."
In terms of market performance, the company's shares have moved 0.6%, reaching a trading price of $24.88.
Rourke also emphasized the company's dedication to innovation and customer experience, stating, "Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company's digital marketplace, Schneider FreightPower®, is revolutionizing the industry, giving shippers access to an expanded, highly flexible capacity network and providing carriers with unmatched access to quality drop-and-hook freight – always delivering, always ahead."
The company's full 8-K submission is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $4,977 | $4,747 | $4,553 | $5,609 | $6,604 | $5,689 |
| Revenue Growth | n/a | -4.62% | -4.09% | 23.19% | 17.75% | -13.86% |
| Operating Margins | 8% | 4% | 6% | 10% | 9% | 7% |
| Net Margins | 5% | 3% | 5% | 7% | 7% | 6% |
| Net Income (MM) | $269 | $147 | $212 | $405 | $458 | $321 |
| Net Interest Expense (MM) | $17 | $17 | $14 | $12 | $10 | $13 |
| Depreciation & Amort. (MM) | $291 | $293 | $290 | $296 | $350 | $374 |
| Earnings Per Share | $1.52 | $0.83 | $1.19 | $2.28 | $2.56 | $1.79 |
| EPS Growth | n/a | -45.39% | 43.37% | 91.6% | 12.28% | -30.08% |
| Diluted Shares (MM) | 177 | 177 | 178 | 178 | 179 | 178 |
| Free Cash Flow (MM) | $181 | $301 | $343 | $167 | $321 | $50 |
| Capital Expenditures (MM) | $385 | $335 | $275 | $399 | $535 | $715 |
| Current Ratio | 2.53 | 3.02 | 2.28 | 1.81 | 2.12 | 1.88 |
| Total Debt (MM) | $411 | $416 | $345 | $270 | $215 | $218 |
| Net Debt / EBITDA | 0.05 | -0.27 | -0.09 | 0.03 | -0.18 | 0.2 |
Schneider National has rapidly growing revenues and increasing reinvestment in the business and positive EPS growth. Additionally, the company's financial statements display a decent current ratio and healthy leverage levels. However, the firm has positive cash flows. Finally, we note that Schneider National has weak operating margins with a stable trend.
