J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares to Pay Quarterly Dividend of $0.45

Key Points

• J.B. Hunt declared a quarterly dividend of $0.45 per share, payable November 20 to shareholders of record on November 6. The annualized dividend is $1.80 per share, representing a 0.8% yield.
• The company has raised its dividend for 22 consecutive years, with a 25.6% payout ratio, indicating substantial earnings coverage and room to sustain future payments.
• J.B. Hunt’s latest quarterly results modestly exceeded expectations, with EPS of $1.82 versus $1.81 expected and revenue of $3.68 billion, up 20.4% year over year.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 6th will be paid a dividend of $0.45 per share by the transportation company on Friday, November 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, November 6th.

J.B. Hunt Transport Services has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 22 consecutive years. J.B. Hunt Transport Services has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J.B. Hunt Transport Services to earn $9.68 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 18.6%.

J.B. Hunt Transport Services Stock Up 1.3%

Shares of J.B. Hunt Transport Services stock traded up $3.01 during trading on Thursday, hitting $231.60. 119,562 shares of the stock were exchanged, compared to its average volume of 1,009,640. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.31. The firm's 50-day moving average price is $249.12 and its 200 day moving average price is $259.71. J.B. Hunt Transport Services has a 12-month low of $157.82 and a 12-month high of $299.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.23 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.59 billion. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The company's revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 earnings per share. As a group, analysts forecast that J.B. Hunt Transport Services will post 7.23 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company's principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.

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