ArcBest Corporation to Issue Quarterly Dividend of $0.12 (NASDAQ:ARCB)

ArcBest Corporation (NASDAQ:ARCB) announced a quarterly dividend on Friday, October 31st. Stockholders of record on Friday, November 14th will be given a dividend of 0.12 per share by the transportation company on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 14th.

ArcBest has raised its dividend by an average of 0.1%per year over the last three years. ArcBest has a dividend payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ArcBest to earn $9.97 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 4.8%.

ArcBest Stock Performance

ARCB stock traded up $0.29 on Wednesday, hitting $65.94. The company’s stock had a trading volume of 73,995 shares, compared to its average volume of 354,636. The firm has a 50 day moving average of $71.65 and a two-hundred day moving average of $71.53. ArcBest has a 1 year low of $55.19 and a 1 year high of $118.28. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 1.35 and a beta of 1.67. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13.

ArcBest (NASDAQ:ARCB) last issued its quarterly earnings data on Wednesday, November 5th. The transportation company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.09. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. ArcBest had a net margin of 3.90% and a return on equity of 8.67%. ArcBest’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.64 EPS. Equities analysts predict that ArcBest will post 7 EPS for the current fiscal year.

ArcBest Company Profile

ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products.