Hub Group Declares Quarterly Dividend

Rhea-AI Summary

On May 23, 2024, Hub Group (Nasdaq: HUBG) announced that its Board of Directors has approved a quarterly cash dividend of $0.125 per share for both Class A and Class B common stock. This dividend will be distributed on June 26, 2024, to shareholders recorded as of June 7, 2024. The quarterly dividend program, initially set at $0.50 per share annually, is a component of Hub Group's growth-focused capital allocation plan.

Positive

• Quarterly dividend of $0.125 per share declared.
• Payment scheduled for June 26, 2024.
• Part of growth-focused capital allocation plan.

Negative

• Dividend yield is modest at $0.125 per share quarterly.
• No new business developments or revenue growth mentioned.

OAK BROOK, Ill., May 23, 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 June 26, 2024, to stockholders of record as of June 7, 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.

SOURCE: HUB GROUP

CONTACT: Lorna Williams, Investor Relations, +1-630-481-3632, lornawilliams@hubgroup.com

FAQ

What is the dividend declared by Hub Group on May 23, 2024?

Hub Group declared a quarterly cash dividend of $0.125 per share for its Class A and Class B common stock.

When is Hub Group's dividend payment date for this quarter?

The dividend payment date is scheduled for June 26, 2024.

What is the record date for Hub Group's upcoming dividend?

The record date for the dividend is June 7, 2024.

What is the annual dividend set by Hub Group's capital allocation plan?

The annual dividend is initially set at $0.50 per share.