Hub Group, Inc. (HUBG) to Issue Quarterly Dividend of $0.13 on June 17th

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, June 5th will be paid a dividend of 0.125 per share by the transportation company on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th.

Hub Group has a payout ratio of 20.5% indicating that 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 Trading Up 0.6%

Shares of HUBG opened at $43.85 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a 50 day simple moving average of $39.93 and a 200-day simple moving average of $41.36. Hub Group has a 1-year low of $32.46 and a 1-year high of $53.26. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23.

Institutional Trading of Hub Group

Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in Hub Group by 265.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock worth $27,000 after purchasing an additional 468 shares during the period. Torren Management LLC purchased a new stake in Hub Group during the 4th quarter worth $31,000. Quarry LP boosted its position in Hub Group by 271.5% during the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after purchasing an additional 809 shares during the period. Smartleaf Asset Management LLC boosted its position in Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after purchasing an additional 321 shares during the period. Finally, State of Wyoming purchased a new stake in Hub Group during the 1st quarter worth $52,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.