Hub Group Declares Quarterly Dividend

Rhea-AI Summary

Hub Group (Nasdaq: HUBG) has declared a quarterly cash dividend of $0.125 per share on both its Class A and Class B Common Stock. The dividend will be paid on September 25, 2024, to stockholders of record as of September 6, 2024. This dividend is part of Hub Group's previously announced growth-focused capital allocation plan, which initially set the quarterly cash dividend program at $0.50 per share per year. The announcement demonstrates Hub Group's commitment to returning value to shareholders while maintaining its focus on growth initiatives.

Positive

• Implemented a quarterly dividend program, indicating financial stability
• Dividend of $0.125 per share provides direct income to shareholders
• Annual dividend yield of $0.50 per share suggests confidence in cash flow

Negative

• None.

News Market Reaction

+4.15%

1 alert

+4.15% News Effect

On the day this news was published, HUBG gained 4.15%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

OAK BROOK, Ill., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Hub Group, Inc. (Nasdaq: HUBG) today announced its Board of Directors declared a quarterly cash dividend of $0.125 per share on the Company’s Class A and Class B Common Stock. The dividend is scheduled to be paid on September 25, 2024, to stockholders of record as of September 6, 2024.

Hub Group’s quarterly cash dividend program, initially set at $0.50 per share per year, is part of its previously announced growth-focused capital allocation plan.

CERTAIN FORWARD-LOOKING STATEMENTS: Statements in this press release that are not historical facts are forward-looking statements, provided pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995. These forward- looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that might cause the actual performance of Hub Group to differ materially from those expressed or implied by this discussion and, therefore, should be viewed with caution. Further information on the risks that may affect Hub Group’s business is included in filings it makes with the SEC from time to time, including those discussed under the “Risk Factors” section in Hub Group’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. Hub Group assumes no obligation to update any such forward-looking statements.

ABOUT HUB GROUP: Hub Group offers comprehensive transportation and logistics management solutions. Keeping our customers’ needs in focus, Hub Group designs, continually optimizes, and applies industry-leading technology to our customers’ supply chains for better service, greater efficiency, and total visibility. As an award-winning, publicly traded company (Nasdaq: HUBG) with over $4 billion in revenue, our nearly 6,000 employees and drivers across the globe are always in pursuit of “The Way Ahead” – a commitment to service, integrity and innovation. For more information, visit hubgroup.com.

SOURCE: Hub Group, Inc.
CONTACT: Lorna Williams, Investor Relations, lornawilliams@hubgroup.com

FAQ

What is the amount of Hub Group's quarterly dividend for 2024?

Hub Group (HUBG) has declared a quarterly cash dividend of $0.125 per share for both its Class A and Class B Common Stock.

When will Hub Group (HUBG) pay its next dividend?

Hub Group will pay its next dividend on September 25, 2024, to stockholders of record as of September 6, 2024.

What is Hub Group's annual dividend yield based on the announced quarterly dividend?

Based on the announced quarterly dividend of $0.125 per share, Hub Group's annual dividend yield is $0.50 per share per year.

Is Hub Group's dividend part of a larger financial strategy?

Yes, Hub Group's quarterly cash dividend program is part of its previously announced growth-focused capital allocation plan.