J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) will release earnings for the fourth quarter after the closing bell on Thursday, Jan. 15.

Analysts expect the company to report fourth-quarter earnings of $1.81 per share. That’s up from $1.53 per share in the year-ago period. The consensus estimate for J.B. Hunt Transport’s quarterly revenue is $3.12 billion (it reported $3.15 billion last year), according to Benzinga Pro.

On Wednesday, Stifel analyst J. Bruce Chan maintained a Hold rating on J.B. Hunt and raised the price target from $172 to $189.

With the recent buzz around J.B. Hunt Transport, some investors may be eyeing potential gains from the company’s dividends too. As of now, J.B. Hunt has an annual dividend yield of 0.86%, with a quarterly dividend of 44 cents per share ($1.76 per year).

To figure out how to earn $500 monthly from J.B. Hunt Transport, we start with the yearly target of $6,000 ($500 x 12 months).

Next, we divide this amount by J.B. Hunt’s $1.76 dividend to determine the number of shares: $6,000 / $1.76 = 3,409 shares.

So, an investor would need to own approximately $701,606 worth of J.B. Hunt Transport, or 3,409 shares to generate a monthly dividend income of $500.

Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.76 = 682 shares, or $140,362 to generate a monthly dividend income of $100.

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).

Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).

Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.

JBHT Price Action: Shares of J.B. Hunt Transport gained by 0.3% to close at $205.81 on Wednesday.

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