C.H. Robinson Worldwide Declares Quarterly Cash Dividend and Increases Share Repurchase Authorization
May 10 2018 - 4:15PM
Business Wire
C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (NASDAQ: CHRW)
announced that its Board of Directors today declared a regular
quarterly cash dividend of 46 cents ($0.46) per share, payable on
June 29, 2018, to shareholders of record on June 1, 2018.
C.H. Robinson has distributed regular dividends for more than
twenty-five 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.
About C.H. Robinson
At C.H. Robinson, we believe in accelerating global trade to
seamlessly deliver the products and goods that drive the world’s
economy. Using the strengths of our knowledgeable people, proven
processes and global technology, we help our customers work
smarter, not harder. As one of the world’s largest third-party
logistics providers (3PL), we provide a broad portfolio of
logistics services, fresh produce sourcing and Managed Services for
more than 120,000 customers and 73,000 active contract carriers
through our integrated network of offices and more than 15,000
employees. In addition, the company, our Foundation and our
employees contribute millions of dollars annually to a variety of
organizations. Headquartered in Eden Prairie, Minnesota, C.H.
Robinson (CHRW) has been publicly traded on the NASDAQ since 1997.
For more information, visit http://www.chrobinson.com or view our
company video.
Source: C.H. Robinson
CHRW-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20180510006162/en/
C.H. Robinson Worldwide, Inc.Robert HoughtonVice
President of Investor Relations and
Treasuryrobert.houghton@chrobinson.comorAdrienne BrausenInvestor
Relations Associateadrienne.brausen@chrobinson.com
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