J.B. Hunt to give 23 cents per share dividend to stockholders

by Talk Business & Politics staff (staff2@talkbusiness.net) 57 views 

J.B. Hunt Transport Services will pay a 23-cents per share cash dividend on Nov. 17 to shareholders of record Nov. 3. The Lowell-based carrier announced the dividend payment Thursday (Oct. 19).

This is the fourth consecutive quarter J.B. Hunt said it would pay a 23-cents per share cash dividend to stockholders.

On Friday (Oct. 13), the company reported income fell 8% to $100.385 million, or 91 cents per share, in the quarter that ended Sept. 30, from $109.425 million, or 97 cents per share, in the same period in 2016. Revenue rose 9% to $1.843 billion.

Over the past three quarters, profits have fallen 4% to $300.956 million, or $2.71 per share, from $314.534 million, or $2.77 per share. Revenue has risen 7% to $5.199 billion.

Shares of J.B. Hunt (NASDAQ: JBHT) were trading at $104.66, up 21 cents or 0.20% on Thursday afternoon. In the past 52 weeks, the stock has ranged between $111.98 and $76.89.