Schneider National (NYSE: SNDR) announced a $2 per share special dividend on Thursday, answering the looming questions around how the company would deploy its growing cash position.
The announcement was included in the Green Bay, Wisconsin-based truckload (TL) carrier’s third-quarter report, which was in line with the adjusted earnings per share (EPS) consensus estimate of 31 cents. The result excluded a $13.1 million pretax charge for an adverse excise tax ruling on glider kits.
“During the...
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