The biggest takeaway from Schneider National’s (NYSE: SNDR) third-quarter report may have been the announcement of a $2-per-share special dividend, which at least temporarily answered the questions around how the company would deploy its sizable cash position.
The $355 million special dividend represents less than half of the $769 million in cash on the balance sheet. Even after the Nov. 19 payment, the company will have ample cash to pursue other initiatives, including acquisitions....
https://s29755.pcdn.co/news/schneiders-special-dividend-overshadowed-by-lackluster-q3-trends