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 Publishing Group. All rights reserved.


  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

TFM

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