Werner boosts dividend by 8.3%


Werner Enterprises Inc. WERN, -0.69% said Friday that it raised its quarterly dividend by 8.3%, to 13 cents a share from 12 cents. The trucking company’s stock was still inactive in premarket trading. The new dividend will be payable July 19 to shareholders of record on July 5. Based on Thursday’s stock closing price of $42.04, the new annual dividend rate implies a dividend yield of 1.24%, which compares with the implied yield for the S&P 500 SPX, +2.39% of 1.63%. Werner’s stock has lost 11.8% year to date, while the Dow Jones Transportation Average DJT, +0.95% has shed 13.1% and the S&P 500 has lost 17.5%.

Source: Marketwatch

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