Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
2/3/2014 10:35:00 AM Write a Letter to the Editor Write a letter to the Editor

J.B. Hunt Raises Dividend by 33%


TT File Photo

J.B. Hunt Transport Services Inc. said it is raising its dividend for shareholders by 33% to 20 cents per share.

The increased payout will be made Feb. 27 to shareholders of record as of Feb. 13. The previous dividend from the Lowell, Ark.-based company was 15 cents.

The board “concluded the consistent earnings and cash-flow growth generated in recent years warranted a higher dividend,” J.B. Hunt said Jan. 29. “This larger-than-historical increase represents a commitment to returning capital to shareholders on a consistent basis at a more reasonable yield relative to JBHT’s share price.”

Last year, the company improved net income 10% to $342.4 million, which is the highest in the industry after UPS Inc. and FedEx Corp.

J.B. Hunt ranks No. 4 on Transport Topics Top 100 list of U.S. and Canadian for-hire carriers.

By Transport Topics


Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement