TFI International Inc Plans Quarterly Dividend of $0.19 (NYSE:TFII)

TFI International Inc (NYSE:TFII) declared a quarterly dividend on Monday, June 15th, Zacks reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.189 per share on Wednesday, July 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Monday, June 29th.

TFI International has a dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect TFI International to earn $2.66 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 27.4%.

Shares of NYSE:TFII opened at $33.98 on Friday. TFI International has a 52 week low of $15.24 and a 52 week high of $36.65. The business has a fifty day simple moving average of $30.38.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $924.95 million during the quarter, compared to analysts’ expectations of $879.19 million. As a group, sell-side analysts anticipate that TFI International will post 1.96 earnings per share for the current fiscal year.

TFII has been the subject of a number of recent analyst reports. Cowen dropped their price target on shares of TFI International from $46.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley assumed coverage on shares of TFI International in a research note on Wednesday, June 10th. They set an “overweight” rating and a $40.00 price target for the company. Credit Suisse Group assumed coverage on shares of TFI International in a research report on Monday, June 8th. They issued an “outperform” rating and a $39.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of TFI International from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Finally, CIBC raised shares of TFI International from an “underperform” rating to a “neutral” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $36.50.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload, Truckload, and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items.

Featured Article: What are different types of coverage ratios?

Receive News & Ratings for TFI International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TFI International and related companies with MarketBeat.com's FREE daily email newsletter.