Schneider National, Inc. (NYSE: SNDR) has announced an increase in its quarterly cash dividend, with the board of directors declaring a dividend of $0.10 per share on its class A and class B common stock, representing a 5% increase from the previous quarterly dividend of $0.095 per share.
The dividend, payable to shareholders of record as of March 13, 2026, is expected to be paid on April 8, 2026. This increase reflects the company's confidence in its financial position and its commitment to delivering value to its shareholders.
Additionally, the board of directors approved a new stock repurchase program, authorizing the acquisition of up to $150 million of the company's outstanding class A common stock and/or class B common stock over the next three years. This program is designed to offset the dilutive effect of equity grants to employees over time and is a key component of the company's capital allocation framework.
The new share repurchase program supersedes and replaces the prior repurchase program, which is scheduled to expire on January 31, 2026. Under the prior program, the company repurchased 4.4 million shares for a total of $110.1 million.
Schneider National, Inc. plans to make stock repurchases under the new program at its discretion, through open market repurchases or privately negotiated transactions, taking into consideration factors such as the company’s liquidity and capital position, current market conditions, and the future economic and earnings outlook.
This announcement reflects Schneider's commitment to enhancing shareholder value and its confidence in its financial strength and long-term prospects.
About Schneider National, Inc. Schneider is a premier multimodal provider of transportation, intermodal, and logistics services, offering a broad portfolio of solutions including regional and long-haul truckload, expedited, dedicated, bulk, intermodal, brokerage, warehousing, supply chain management, port logistics, and logistics consulting. The company has been delivering superior customer experiences and investing in innovation for 90 years, with its digital marketplace, Schneider FreightPower®, revolutionizing the industry by providing shippers access to an expanded, highly flexible capacity network and offering carriers unmatched access to quality drop-and-hook freight. The market has reacted to these announcements by moving the company's shares -1.68% to a price of $29.30. For the full picture, make sure to review Schneider National's 8-K report.
