C.H. Robinson (CHRW) Rewards Investors With Dividend Hike

Summary of C.H. Robinson Worldwide, Inc. (CHRW) Core Viewpoint - C.H. Robinson Worldwide, Inc. has increased its quarterly cash dividend by 1.6%, raising it to 62 cents per share, reflecting the company's commitment to enhancing shareholder returns and confidence in its business operations [1][5]. Dividend History and Shareholder Returns - CHRW has maintained uninterrupted dividend payments for over 25 years, showcasing its reliability in returning value to shareholders [2]. - In 2021, CHRW returned approximately $886 million to shareholders through dividends ($277 million) and share buybacks ($609 million). In 2022, the total returned was $1.744 billion, with $285.32 million in dividends and $1.459 billion in share repurchases. For 2023, the company returned $355.44 million, comprising $291.56 million in dividends and $63.88 million in share repurchases. In the first half of 2024, CHRW returned $167.1 million, including $147.3 million in cash dividends and $19.8 million through share repurchases [3]. Market Performance - Over the past six months, CHRW shares have gained 30.2%, significantly outperforming the industry, which experienced a loss of 7.8% [7]. Industry Context - Other companies in the transportation sector, such as Landstar System, Union Pacific Corporation, and Ryder System, have also announced dividend hikes, indicating a broader trend of rewarding shareholders within the industry [7][9][10].