C.H. Robinson increases quarterly cash dividend

Source: Supply Chain Digital

Date :11/7/2008 6:06:43 AM

The board of transportation services provider C.H. Robinson Worldwide Inc announced November 6, that it will increase the company's quarterly cash dividend to 24 cents per share from 22 cents.

The dividend is payable on January 2, 2009, to shareholders of record on December 5, 2008.

C.H. Robinson has distributed regular dividends for more than twenty-five years.

As of November 6, 2008, there were approximately 169,200,000 shares outstanding, C.H. Robinson said.

The dividend hike comes two weeks after the company reported a 24 percent jump in its third quarter profit.