J.B. Hunt Transport Services, Inc. (JBHT) To Go Ex-Dividend on November 6th

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

J.B. Hunt Transport Services has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 22 consecutive years. J.B. Hunt Transport Services has a dividend payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect J.B. Hunt Transport Services to earn $9.67 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 0.4%

Shares of JBHT stock opened at $224.64 on Wednesday. The stock’s 50-day simple moving average is $240.17 and its 200-day simple moving average is $245.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $20.94 billion, a PE ratio of 31.55, a P/E/G ratio of 1.86 and a beta of 1.26. J.B. Hunt Transport Services has a fifty-two week low of $157.82 and a fifty-two week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released 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. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The company’s revenue was up 20.4% compared to the same quarter last year. Equities analysts expect that J.B. Hunt Transport Services will post 7.25 earnings per share for the current year.

About J.B. Hunt Transport Services

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.