MINNEAPOLIS--(BUSINESS WIRE)--Aug. 10, 2012--
C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced
that on August 9, 2012, its Board of Directors declared a regular
quarterly cash dividend of 33 cents ($0.33) per share, payable on
October 1, 2012, to shareholders of record on September 7, 2012.
C.H. Robinson has distributed regular dividends for more than
twenty-five years. As of August 10, 2012, there were approximately
161,323,000 shares outstanding.
In addition, on August 9, 2012, the Board of Directors increased the
company’s share repurchase authorization by up to an additional 10
million shares of common stock. C.H. Robinson had approximately 2.5
million shares remaining under its share repurchase authorization which
was authorized by the Board in 2009. The 10 million share repurchase
authorization represents approximately 6.2 percent of the company’s
shares outstanding on August 10, 2012. Repurchases may be made from time
to time at prevailing prices in the open market or in privately
negotiated transactions, subject to market conditions and other factors.
Founded in 1905, C.H. Robinson Worldwide, Inc., is a global provider of
multimodal transportation services and logistics solutions, serving over
37,000 customers through a network of 234 offices in North America,
Europe, Asia, South America, and Australia. C.H. Robinson is one of the
largest third-party logistics companies in the world, with 2011 total
revenues of $10.3 billion. For more information about our company, visit
our Web site at www.chrobinson.com.
Source: C.H. Robinson Worldwide, Inc.
C.H. Robinson Worldwide, Inc.
Angie Freeman, vice president, 1-952-937-7847
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding C.H. Robinson Worldwide Inc's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.