Werner Enterprises hikes dividend by 20%

Werner Enterprises, Inc. (WERN) will raise its quarterly dividend by another 20 percent to 12 cents per share in Q2 of 2021. This follows a dividend hike of 11.1 percent to $0.10 per share in Q1 of 2021. This is the second dividend increase announced by WERN since 2018. The logistics company did however pay a $3.75 per share special dividend in 2019. 

The next cash dividend of $0.12 per common share is payable to shareholders of record at the close of business on July 20, 2021.  The ex-dividend date is July 2, 2021. A 48 cent per share regular annual dividend yields 1,0% at a stock price of $48.47 to Werner Enterprises stockholders.

Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. The Werner Logistics portfolio includes freight management, truck brokerage, intermodal, and international services. Werner Enterprises has paid a quarterly cash dividend to its stockholders every quarter since July 1987.