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MINNEAPOLIS - The board of transportation services provider C.H. Robinson Worldwide Inc. said Thursday it will increase the company's quarterly cash dividend to 24 cents per share from 22 cents.
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The dividend is payable on Jan. 2 to shareholders of record on Dec. 5.
As of Thursday the company reported approximately 169.2 million shares outstanding.
This dividend hike comes two weeks after the company reported a 24 percent jump in its third-quarter profit.
Shares of C.H. Robinson fell $1.55, or 3 percent, to close earlier at $50.54.
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