J.B. Hunt (JBHT) Announces New $1B Share Repurchase Program

Core Points - J.B. Hunt Transport Services' board has approved a new share repurchase plan worth $1 billion, which will start after the completion of the existing $500 million plan [1] - The existing buyback plan, initiated in July 2022, has seen $228.3 million in shares repurchased in the first half of 2024 [1] - The timing and volume of the new buybacks will be determined by JBHT based on market conditions [2] Dividend Information - J.B. Hunt has increased its quarterly cash dividend by 2%, raising it from 42 cents to 43 cents per share [3] - Dividend-paying stocks like JBHT are considered safer investments, providing a steady income stream and acting as a hedge against economic uncertainty [4] - Other companies in the transportation sector, such as FedEx and Delta Air Lines, have also increased their dividends in 2024, indicating a trend among industry players [5]