C.H. Robinson Raises Dividend
C.H. Robinson Worldwide Inc. raised its dividend by 13% to 43 cents per share from 38 cents.
The increase declared in early December by the company that ranks No. 4 on the Transport Topics Logistics 50 list was the first increase in more than a year.
The last rise in the payout was in August 2014, when it was increased from 35 cents.
C.H. Robinson, based in Eden Prairie, Minnesota, said the dividend would be payable Dec. 31.
The logistics and brokerage company has paid regular dividends for more than 25 years.
Based on the current shares outstanding, the company annually will pay about $250 million in dividends.
