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 Buy from Underperform at BofA/Merrill BofA/Merrill upgraded J.B. Hunt two notches to Buy from Underperform and increased its price target to $101 form $79. The firm said J.B. Hunt is benefiting from diversification following stronger than expected Q1 Truckload and Dedicated results and margin strength in three out of four segments.