J.B. Hunt Transport Services (JBHT) will raise its quarterly dividend by 4.3 percent to $0.24 per share. It's the 15th consecutive year of dividend increases for the freight-trucking company.
The dividend is payable to stockholders of record on February 9, 2018. The dividend will be paid on February 23, 2018. The Board of JBHT concluded that the earnings and cash flow generated by the company warranted the higher dividend as one way to return capital to stockholders.
J.B. Hunt Transport Services, Inc. provides supply chain solutions for customers throughout the continental United States, Canada, and Mexico. The company's service offerings include transportation of full truckload containerizable freight, which is directly transported utilizing J.B. Hunt's company-controlled revenue equipment and company drivers or independent contractors. The company also has arrangements with most of the major North American rail carriers to transport truckload freight in containers and trailers. J.B. Hunt was incorporated in Arkansas on August 10, 1961, and has been a publicly held company since its initial public offering in 1983.