J.B. Hunt Transport Services Inc. announced a quarterly cash dividend to its shareholders. The company’s board of directors approved 21 cents per common share of stock owned as of July 31. The dividend is payable Aug. 14.
The company’s largest shareholder Johnelle Hunt, co-founder of the trucking and logistics company, will receive $4.064 million in dividend payments this quarter for her 19.353 million shares of common stock. Hunt still owns 16.6% of the company’s outstanding shares as of the most recent Proxy filing with the U.S Securities and Exchange Commission.
Shares of J.B. Hunt were trading down 1.36% in the early afternoon session on Thursday (July 23). Shares trading on the Nasdaq exchange were valued at $82.05, down $1.33. The share price has ranged from a low $71 to a high $93.50 over the past 52-week period.