J.B. Hunt Transport Services, Inc. (JBHT) to Issue Quarterly Dividend of $0.44 on November 21st

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 7th will be given a dividend of 0.44 per share by the transportation company on Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 7th.

J.B. Hunt Transport Services has raised its dividend payment by an average of 0.1%per year 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 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect J.B. Hunt Transport Services to earn $7.99 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 22.0%.

J.B. Hunt Transport Services Trading Up 1.7%

J.B. Hunt Transport Services stock opened at $172.64 on Wednesday. The firm’s 50-day moving average is $146.91 and its 200-day moving average is $144.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a market cap of $16.44 billion, a P/E ratio of 29.92, a PEG ratio of 2.33 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. The company had revenue of ($5,136.05) million for the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm posted $1.49 EPS. On average, equities analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services announced that its board has initiated a share repurchase plan on Wednesday, October 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.