J.B. Hunt Transport Services (JBHT) will raise its quarterly dividend by another 7.1 percent to 30 cents per share in 2021. This comes after a dividend hike of 3.7 percent to 28 cents per share announced earlier in 2021.The year 2021 will mark the 18th consecutive year of dividend increases for the freight-trucking company.

The next dividend will be paid on May 21, 2021 to shareholders of record on May 7, 2021. A new annualized dividend rate of $1.20 per share yields 0.7% at a stock price of $163.

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.