J.B. Hunt increases, accelerates quarterly dividend J.B. Hunt Transport Services announced that its Board of Directors approved an increase and a pull forward of its regular quarterly dividend typically paid in February of each calendar year. The Board declared stockholders of record on December 17 will be entitled to 15c per common share. The dividend will be paid on December 28. The Board does not expect to declare or pay a quarterly dividend in 1Q13 and will resume its normal policy of quarterly dividend analysis at its regularly scheduled Board of Directors meeting on April 25, 2013.
J.B. Hunt upgraded to Overweight on better pricing at KeyBanc As previously reported, KeyBanc upgraded J.B. Hunt to Overweight from Sector Weight and established a $100 price target. The firm's checks indicate a stable pricing environment, supported by increasing truck rates and constrained capacity, and rail rate increases that are helping pass on cost increases. KeyBanc expects greater margin improvement in 2H and 2016 and views current expectations as more achievable.