Hub Group Declares Quarterly Dividend

Rhea-AI Summary

Hub Group (Nasdaq: HUBG) announced that its Board of Directors has declared a quarterly cash dividend of $0.125 per share on both Class A and Class B Common Stock. The dividend will be paid on December 20, 2024, to stockholders of record as of December 6, 2024. This quarterly dividend is part of the company's previously announced growth-focused capital allocation plan, with an annual rate of $0.50 per share.

Positive

• Implementation of regular dividend program showing financial stability
• Commitment to shareholder returns through $0.50 annual dividend

Negative

• None.

OAK BROOK, Ill., Nov. 25, 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 December 20, 2024, to stockholders of record as of December 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 Hub Group's quarterly dividend amount for Q4 2024?

Hub Group (HUBG) declared a quarterly dividend of $0.125 per share for Q4 2024.

When is Hub Group's Q4 2024 dividend payment date?

Hub Group's Q4 2024 dividend will be paid on December 20, 2024, to stockholders of record as of December 6, 2024.

What is Hub Group's annual dividend rate?

Hub Group's annual dividend rate is $0.50 per share, paid quarterly at $0.125 per share.

Which Hub Group share classes are eligible for the dividend?

Both Hub Group's Class A and Class B Common Stock are eligible for the quarterly dividend payment.