MINNEAPOLIS--(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