J.B. Hunt Sets Stock Split; Will Buy Back Up to $500 Mln. in Shares
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J.B. Hunt, No. 9 on the Transport Topics 100, reported first-quarter earnings last Thursday of $47 million or 57 cents a share, a record for the company. (Click here for previous coverage.)
.B. Hunt Transport Services Inc. announced a two-for-one stock split Thursday, to be effective May 23, and said it would buy back as much as $500 million in shares.
The truckload carrier said the split would affect stockholders of record as of May 2.
The company said it would pay its regular quarterly dividend of 12 cents on May 16, before the split.
