C.H. Robinson Worldwide (CHRW) will raise its quarterly dividend to $0.45 per share. The increased dividend will be payable on December 30, 2016, to shareholders of record on December 19, 2016.
Today’s dividend increase indicates an annualized rate of $1.80 per share and a yield of approximately 2.3% based on the $77.04 closing price on December 8, 2016.
C.H. Robinson is a third-party logistics provider delivering logistics services, fresh produce sourcing and managed services. The company has operations in North America, Europe, Asia, Australia, New Zealand and South America. Headquartered in Eden Prairie, Minnesota, C.H. Robinson has been publicly traded on the NASDAQ since 1997.