Schneider National (SNDR) raises dividend and OKs new $150M stock buyback

Rhea-AI Filing Summary

Schneider National, Inc. reported that its Board approved a higher quarterly cash dividend for the first quarter of 2026 of $0.10 per share for both Class A and Class B common stock. Shareholders of record on March 13, 2026 are expected to receive the dividend on April 8, 2026.

The Board also approved a new share repurchase program authorizing buybacks of up to $150 million of Class A and/or Class B common stock over the next three years. This new authorization replaces a prior $150 million program under which the company repurchased 4.4 million shares for a total of $110.1 million.

Positive

• Higher cash dividend: Board approved a first-quarter 2026 dividend of $0.10 per share on Class A and Class B stock, increasing direct cash returns to shareholders.
• Renewed $150 million buyback authorization: A new three-year share repurchase program of up to $150 million continues Schneider’s practice of returning capital, following prior repurchases of 4.4 million shares for $110.1 million.

Negative

• None.

Insights

Equity & capital allocation analyst

Schneider boosts shareholder returns with a higher dividend and renewed $150M buyback.

Schneider National increased its quarterly dividend to $0.10 per share for Q1 2026, signaling ongoing cash generation and willingness to return capital to holders of both Class A and Class B shares.

The Board also authorized a new share repurchase program of up to $150 million over three years, replacing a prior $150 million plan under which the company bought back 4.4 million shares for $110.1 million. This shows consistent use of buybacks as part of capital allocation.

Actual impact on per-share metrics will depend on execution pace and share price over the program’s term; the authorization simply permits, but does not require, future repurchases.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549 

 _____________________________________________________________________________

FORM 8-K 

_____________________________________________________________________________ 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): 1/26/2026

_____________________________________________________________________________

Schneider National, Inc.

(Exact Name of Registrant as Specified in Charter) 

_____________________________________________________________________________

Wisconsin

001-38054

39-1258315

(State of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

3101 South Packerland Drive

Green Bay

WI

54313

(Address of Principal Executive Offices)

(Zip Code)

(920) 592-2000
(Registrant's Telephone Number, including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Class B common stock, no par value

SNDR

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01.    Other Events.

Increase in Quarterly Dividend

On January 28, 2026, the Company announced that on January 26, 2026, the Board approved a quarterly cash dividend for the first quarter of 2026 in the amount of $0.10 per share to holders of the Company's Class A and Class B common stock. The dividend is payable to the Company's shareholders of record at the close of business on March 13, 2026 and is expected to be paid on April 8, 2026.

Share Repurchase Program

On January 28, 2026, the Company also announced that on January 26, 2026, its Board approved a new stock repurchase program, effective immediately, under which up to $150 million of the Company’s outstanding Class A common stock, no par value, and/or Class B common stock, no par value, may be acquired over the next three years (the “Share Repurchase Program”). The Share Repurchase Program supersedes and replaces the $150 million stock repurchase authorization approved by the Board on January 31, 2023 (the “Prior Repurchase Program”), which is scheduled to expire on January 31, 2026, and is substantially similar to the Prior Repurchase Program. The Company repurchased 4.4 million shares for a total of $110.1 million under the Prior Repurchase Program.

A press release announcing the Company’s quarterly dividend and Share Repurchase Program was issued and is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

ITEM 9.01.    Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.    Description of Exhibit

99.1    Press Release dated January 28, 2026

104    The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 28, 2026 SCHNEIDER NATIONAL, INC.

			By:			/s/ Thomas G. Jackson
			Name:			Thomas G. Jackson
			Title:			Executive Vice President, General Counsel and Corporate Secretary

FAQ

What dividend did Schneider National (SNDR) approve for Q1 2026?

Schneider National approved a quarterly cash dividend of $0.10 per share for the first quarter of 2026. It applies to holders of both Class A and Class B common stock of record on March 13, 2026, payable on April 8, 2026.

When is the record and payment date for Schneider Nationals new dividend?

The dividend goes to shareholders of record at the close of business on March 13, 2026. Schneider National expects to pay the approved $0.10 per share cash dividend on April 8, 2026 to eligible holders of Class A and Class B common stock.

What is the size of Schneider National (SNDR)s new share repurchase program?

The Board approved a new share repurchase program authorizing buybacks of up to $150 million of Schneider Nationals Class A and/or Class B common stock. The authorization is effective immediately and may be used over the next three years, subject to management decisions.

How does Schneider Nationals new buyback compare to the prior program?

The new share repurchase program also authorizes up to $150 million, replacing a prior $150 million authorization. Under the earlier program, Schneider National repurchased 4.4 million shares for a total of $110.1 million before its scheduled expiration in January 2026.

Which Schneider National stock classes are covered by the repurchase authorization?

The new share repurchase program covers both Class A common stock and Class B common stock, each with no par value. The company may acquire either or both classes over the next three years, up to the total $150 million authorization approved by the Board.