M&A landscape: nothing chunky to buy, lots to break up
Inspired by the bear, threatened by the bull or vice versa?
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
Just as CH Robinson (CHRW) is under the spotlight for its push aimed at cutting staff, the 3PL announced today that its board had agreed to increase the quarterly cash dividend to $0.61 a share, up 10.9% from $0.55 previously.
The dividend is payable on 3 January 2023 to shareholders of record on 2 December, it added.
The implied forward yield, based on CHRW’s current price, is 2.56%.
CHRW has a strong track record in dividend payments.
The 3PL has distributed “uninterrupted dividends without decline for more than twenty years. As of November 16, 2022, there were approximately 116,457,591 shares outstanding.”
Market cap: $11bn. Stock little changed in after-hours trade.
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