C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) announced that its board of directors has declared a regular quarterly cash dividend of 46 cents (USD 0.46) per share, payable on June 29, 2018, to shareholders of record on June 1, 2018, the company said.
C.H. Robinson has distributed regular dividends for more than 25 years. As of May 10, 2018, there were 139,237,319 shares outstanding.
In addition, on May 10, 2018, the board of directors increased the company´s share repurchase authorization by an additional 15 million shares of common stock. C.H. Robinson had approximately 1.2 million shares remaining under its share repurchase authorization, which was authorized by the Board in 2013. Repurchases may be made from time to time at prevailing prices in the open market or in privately negotiated transactions, subject to market conditions and other factors.
C.H. Robinson is a third-party logistics providers providing a broad portfolio of logistics services, fresh produce sourcing and Managed Services for more than 120,000 customers and 73,000 active contract carriers. For more information, visit http://www.chrobinson.com.