Werner Enterprises Announces Quarterly Dividend and New Stock Repurchase Authorization
Werner Enterprises, Inc. (NASDAQ: WERN) has declared a quarterly cash dividend of $0.12 per share, payable on January 18, 2022, to shareholders of record by January 3, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Werner Enterprises, Inc. (NASDAQ: WERN) has declared a quarterly cash dividend of $0.12 per share, payable on January 18, 2022, to shareholders of record by January 3, 2022. The company has consistently paid dividends since July 1987. Additionally, the Board approved a new stock repurchase program allowing the repurchase of up to 6 million shares, withdrawing the previous authorization which had 1.5 million shares left. The repurchase strategy reflects the company's intent to enhance shareholder value amid market conditions.
Positive
- Declaration of a quarterly cash dividend of $0.12 per share.
- New stock repurchase program allows repurchase of up to 6 million shares, enhancing shareholder value.
Negative
- None.
Details
News Market Reaction – WERN
The recorded move for WERN in the trading session of this news was +1.47%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
OMAHA, Neb., Nov. 12, 2021 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (NASDAQ: WERN), a premier transportation and logistics provider, is pleased to announce the following actions approved by its Board of Directors (the “Board”) on November 9, 2021.
Quarterly Dividends
The Board declared a regular quarterly cash dividend of
Werner Enterprises has paid a quarterly cash dividend to its stockholders every quarter since July 1987.
Stock Repurchase Program
The Board approved a new stock repurchase program under which Werner is authorized to repurchase up to 6 million shares of its common stock. Upon approval of the new program, the Board withdrew the previous stock repurchase authorization, which had approximately 1.5 million shares remaining available for repurchase. Werner may repurchase stock from time to time depending on market, economic and other factors. The new authorization will continue in the future, unless withdrawn by the Board.
About Werner Enterprises
Werner Enterprises, Inc. (NASDAQ: WERN) delivers superior truckload transportation and logistics services to customers across the United States, Mexico and Canada. With 2020 revenues of
| Contact: | John J. Steele |
| Executive Vice President, Treasurer | |
| and Chief Financial Officer | |
| (402) 894-3036 |
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.