ArcBest Corporation (ARCB) to Issue Quarterly Dividend of $0.12 on August 21st

ArcBest Corporation (NASDAQ:ARCB) declared a quarterly dividend on Friday, July 24th. Stockholders of record on Friday, August 7th will be given a dividend of 0.12 per share by the transportation company on Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, August 7th.

ArcBest has raised its dividend payment by an average of 0.1%annually over the last three years. ArcBest has a payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ArcBest to earn $9.50 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 5.1%.

ArcBest Price Performance

Shares of NASDAQ:ARCB opened at $144.31 on Wednesday. ArcBest has a 1-year low of $59.43 and a 1-year high of $176.69. The stock has a market cap of $3.21 billion, a PE ratio of 209.14, a price-to-earnings-growth ratio of 0.45 and a beta of 1.57. The stock’s fifty day simple moving average is $149.47 and its two-hundred day simple moving average is $120.55. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10.

ArcBest (NASDAQ:ARCB) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.12. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. ArcBest had a net margin of 0.39% and a return on equity of 7.92%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. As a group, analysts forecast that ArcBest will post 6.9 EPS for the current fiscal year.

ArcBest Company Profile

ArcBest Corporation (NASDAQ: ARCB) is a transportation and logistics company that offers comprehensive freight and supply chain solutions across North America. Founded in 1923 as Arkansas Best Freight System, the company has evolved into a diversified service provider with both asset-based and asset-light operations. Its core businesses include less-than-truckload (LTL) shipping through ABF Freight, expedited full-truckload services via Panther Premium Logistics, and a range of logistics and supply chain management services under its ArcBest Integrated Logistics division.

The company’s asset-based operations also encompass FleetNet America, a provider of emergency roadside assistance and maintenance services for heavy-duty vehicles.