C.H. Robinson Boosting Dividend

C.H. Robinson Worldwide will increase its regular quarterly cash dividend to 38 cents per share, from 35 cents. The increase will be payable Dec. 31 to shareholders of record as of Dec. 15.

The announcement follows the company’s recent agreement to purchase brokerage firm Freightquote.com for $365 million to expand its market presence.

C.H. Robinson is ranked No. 6 on the Transport Topics Logistics Top 50 listing of North American logistics firms.