Hub Group Offers Attractive Dividend with Growth Strategy
Hub Group Announces Quarterly Cash Dividend
Hub Group, Inc. (NASDAQ: HUBG) has recently made a noteworthy announcement regarding its quarterly cash dividend, a strategic move aimed at enhancing shareholder value. The Board of Directors has declared a cash dividend of $0.125 per share on both Class A and Class B Common Stock. Stockholders can expect this dividend on June 30, with a record date set for June 23.
Commitment to Growth-Focused Capital Allocation
This quarterly cash dividend program is part of Hub Group's ongoing effort to align with its growth-focused capital allocation strategy. The company has established a consistent annual dividend rate of $0.50 per share, reflecting its financial health and commitment to delivering returns to shareholders.
Understanding Hub Group's Business Approach
Hub Group stands out in the transportation and logistics management sector. It focuses on providing tailored logistics solutions that are designed to meet the unique demands of its clients. By employing industry-leading technology, Hub Group continually optimizes supply chains to ensure enhanced service and efficiency, offering total visibility for its customers.
Strong Financial Performance and Employee Commitment
As a publicly traded entity with approximately $4 billion in revenue, Hub Group takes pride in its robust financial performance. The company employs nearly 6,000 individuals, including drivers, who are dedicated to fostering an environment of integrity and innovation. This commitment is a cornerstone of Hub Group’s philosophy, encouraging employees to embrace “The Way Ahead” in logistics.
Award-Winning Logistics Provider
Hub Group has earned numerous awards, a testament to its leadership in the logistics sector. The company is recognized not just for its comprehensive transportation solutions, but also for its strong emphasis on customer service. The dedication to service excellence is evident in everything Hub Group does, from supply chain design to the deployment of advanced technology solutions.
Connecting with Hub Group
For stakeholders looking for more information about Hub Group, the company encourages engagement through their website at hubgroup.com. Furthermore, the Investor Relations department is open for inquiries under the leadership of Garrett Holland, who is available at a dedicated contact email.
Frequently Asked Questions
What is the amount of the declared dividend by Hub Group?
Hub Group has declared a quarterly cash dividend of $0.125 per share.
When is the dividend payment date?
The dividend is scheduled to be paid on June 30 to stockholders of record as of June 23.
How does Hub Group's dividend relate to its overall growth strategy?
The dividend is part of Hub Group's growth-focused capital allocation strategy, showing commitment to return value to shareholders.
What sectors does Hub Group operate in?
Hub Group primarily operates in the transportation and logistics management sectors, offering comprehensive solutions tailored to customer needs.
How can I contact Hub Group for more information?
You can reach out to Garrett Holland in Investor Relations via email at gholland@hubgroup.com for any inquiries.
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