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Jan. 20, 2022, 2:06 p.m. EST

J.B. Hunt stock jumps after dividend raised by 33%

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By Tomi Kilgore

Shares of J.B. Hunt Transport Services Inc. /zigman2/quotes/205536609/composite JBHT +3.67% rallied 1.8% in afternoon trading, after the trucking company said it raised its quarterly dividend by 33%, to 40 cents a share from 30 cents. The company said the new dividend will be payable Feb. 18 to shareholders of record on Feb. 4. Based on the current stock price, the new annual dividend rate implies a dividend yield of 0.78%, compared with the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.19% of 1.35%. J.B. Hunt's stock has now rallied 36.2% over the past 12 months, while the Dow Jones Transportation Average /zigman2/quotes/210598063/delayed DJT +2.14% has advanced 20.9% and the S&P 500 has gained 189%.

/zigman2/quotes/205536609/composite
US : U.S.: Nasdaq
$ 173.33
+6.13 +3.67%
Volume: 44,386
May 26, 2022 9:51a
P/E Ratio
21.23
Dividend Yield
0.93%
Market Cap
$17.52 billion
Rev. per Employee
$394,575
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/zigman2/quotes/210599714/realtime
US : S&P US
4,026.06
+47.33 +1.19%
Volume: 241.64M
May 26, 2022 9:52a
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/zigman2/quotes/210598063/delayed
US : Dow Jones Indices
14,038.03
+294.06 +2.14%
Volume: 6.83M
May 26, 2022 9:37a
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