Hub Group declares a quarterly cash dividend of $0.125 per share, payable December 20, 2024, to eligible stockholders.
Quiver AI Summary
Hub Group, Inc. has announced that its Board of Directors has declared a quarterly cash dividend of $0.125 per share for its Class A and Class B Common Stock, payable on December 20, 2024, to stockholders recorded as of December 6, 2024. This dividend is part of its growth-oriented capital allocation strategy, which initially set the annual dividend at $0.50 per share. The release also contains forward-looking statements regarding the company's performance, highlighting potential risks and uncertainties. Hub Group, a publicly traded company on Nasdaq, specializes in transportation and logistics management, focusing on optimizing supply chains with innovative technology to enhance service and efficiency.
Potential Positives
- Hub Group has declared a quarterly cash dividend of $0.125 per share, demonstrating commitment to returning value to shareholders.
- The dividend payment, scheduled for December 20, 2024, reflects a continued focus on shareholder returns as part of a growth-oriented capital allocation plan.
- The company maintains a comprehensive transportation and logistics management focus, emphasizing its strategy for maintaining relevance and competitiveness in the market.
- Hub Group’s recognition as an award-winning publicly traded company indicates a strong reputation and operational excellence within the logistics industry.
Potential Negatives
- The declaration of a significantly reduced quarterly cash dividend of $0.125 per share, down from the previously expected $0.50 per share annually, may signal financial challenges or a shift in capital allocation strategy.
- The company’s emphasis on forward-looking statements and the associated risks may indicate uncertainty regarding future performance, which could concern investors.
FAQ
What is the recent dividend announced by Hub Group?
Hub Group announced a quarterly cash dividend of $0.125 per share on its Class A and Class B Common Stock.
When will the dividend be paid to shareholders?
The dividend is scheduled to be paid on December 20, 2024, to stockholders of record as of December 6, 2024.
What was the initial amount of Hub Group's dividend program?
The quarterly cash dividend program was initially set at $0.50 per share per year.
What does Hub Group do?
Hub Group offers comprehensive transportation and logistics management solutions, focusing on customer needs and industry-leading technology.
Where can I find more information about Hub Group?
For more information, visit Hub Group’s website at hubgroup.com or contact Investor Relations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HUBG Hedge Fund Activity
We have seen 128 institutional investors add shares of $HUBG stock to their portfolio, and 156 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO removed 454,832 shares (-71.4%) from their portfolio in Q3 2024
- PACER ADVISORS, INC. removed 427,051 shares (-18.1%) from their portfolio in Q3 2024
- NORGES BANK added 401,358 shares (+117.4%) to their portfolio in Q2 2024
- VICTORY CAPITAL MANAGEMENT INC removed 388,639 shares (-10.9%) from their portfolio in Q3 2024
- LSV ASSET MANAGEMENT removed 326,049 shares (-100.0%) from their portfolio in Q3 2024
- MORGAN STANLEY added 316,306 shares (+33.6%) to their portfolio in Q3 2024
- HUDSON BAY CAPITAL MANAGEMENT LP removed 223,783 shares (-94.9%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
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,
[email protected]
