Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) announced a quarterly dividend on Wednesday, September 9th. Stockholders of record on Monday, September 21st will be paid a dividend of 0.125 per share by the transportation company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, September 21st.
Hub Group has a payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Hub Group to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.2%.
Hub Group Price Performance
Hub Group stock opened at $35.34 on Thursday. The firm has a 50 day simple moving average of $43.78 and a 200-day simple moving average of $41.84. The stock has a market capitalization of $2.16 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. Hub Group has a 12-month low of $32.90 and a 12-month high of $53.26.
About Hub Group
Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.
The company operates through two primary segments: Intermodal and Transportation Management.
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