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

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Free Report) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 8th will be given a dividend of 0.45 per share by the transportation company on Friday, May 22nd. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 8th.

J.B. Hunt Transport Services has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 22 years. J.B. Hunt Transport Services has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect J.B. Hunt Transport Services to earn $8.94 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 20.1%.

J.B. Hunt Transport Services Stock Up 2.7%

JBHT opened at $253.71 on Friday. The company has a market capitalization of $24.00 billion, a PE ratio of 39.27, a PEG ratio of 1.84 and a beta of 1.22. J.B. Hunt Transport Services has a 1-year low of $126.05 and a 1-year high of $256.18. The firm’s 50 day simple moving average is $220.49 and its two-hundred day simple moving average is $197.88. The company has a current ratio of 1.26, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.17 EPS. As a group, equities analysts forecast that J.B. Hunt Transport Services will post 7.25 EPS for the current year.

About J.B. Hunt Transport Services

(Get Free Report)

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

Further Reading

Dividend History for J.B. Hunt Transport Services (NASDAQ:JBHT)

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