: J.B. Hunt stock rallies again after dividend increased by 5%


Shares of J.B. Hunt Transport Services Inc. JBHT, +2.31% rallied 2.0% toward a nine-week high in afternoon trading Thursday, after the trucking company said it was raising its quarterly dividend by 5%. The new dividend of 42 cents a share, up from 40 cents a share, will be payable Feb. 24 to shareholders of record on Feb. 10. At current share prices, the new annual dividend rate implies a dividend yield of 0.89%, which compares with the implied yield for the S&P 500 SPX, +1.89% of 1.72%. The stock has now run up 7.1% in two days even though the trucker reported before Wednesday’s open fourth-quarter profit and revenue that missed expectations. It has climbed 12.4% over the past three months, while the Dow Jones Transportation Average DJT, +1.75% has advanced 11.7% and the Dow Jones Industrial Average DJIA, +1.00% has gained 9.1%.

This article was originally published by Marketwatch.com. Read the original article here.

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