Lowell-based J.B. Hunt Transport Services Inc. on Tuesday (July 23) announced a quarterly cash dividend payable to its shareholders on August 16.
The company’s board of directors declared a cash payment of 15 cents per common share for stockholders of record on Aug. 2.
The firm’s largest individual shareholder is Johnelle Hunt, will receive more than $2.8 million from this quarterly dividend. She is widow of the corporate founder Johnnie Bryan Hunt Sr,, who died in 2007 at age 79.
According to federal filings Hunt’s estate still owns 18,785,085 shares of stock with a street value in excess of $1.4 billion. These shares are registered to J.B. Hunt LLC.
Roughly 22% of the company’s outstanding shares are held by insiders. About 73% of the company shares are owned by 342 institutional investors and mutual fund owners.
CEO John Roberts holds 239,837 shares with a street value in excess of $17.89 million.
Shares of J.B. Hunt Transport closed today at $74.60, down 28 cents. The company has a market capitalization of $8.73 billion.