On November 17, 2022, C.H. Robinson Worldwide (CHRW) announced that it will raise its quarterly dividend by 10.9 percent to $0.61 per share in 2022. This marks the 25th consecutive year of dividend increases by the logistics company.
The new CHRW dividend will payable on January 3, 2023, to shareholders of record on December 2, 2022. A new annualized dividend rate of $2.44 per share yields 2.6% at a stock price of $95 for CHRW.
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.