ArcBest Corporation (ARCB) to Distribute Quarterly Dividend of $0.12 on November 27th

ArcBest Corporation (NASDAQ:ARCB) announced a quarterly dividend on Friday, October 30th. Shareholders of record on Friday, November 13th will be given a dividend of $0.12 per share by the transportation company on Friday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, November 13th.

ArcBest has raised its dividend by an average of 0.1% annually over the last three years. ArcBest has a dividend payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ArcBest to earn $9.83 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 4.9%.

ArcBest Stock Down 0.8%

Shares of ARCB opened at $132.83 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. ArcBest has a 12 month low of $59.43 and a 12 month high of $176.69. The firm’s 50 day moving average is $131.02 and its 200-day moving average is $125.77. The stock has a market capitalization of $2.93 billion, a PE ratio of 104.65, a P/E/G ratio of 0.37 and a beta of 1.71.

ArcBest (NASDAQ:ARCB) last issued its quarterly earnings results on Wednesday, November 4th. The transportation company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.12. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. ArcBest had a return on equity of 9.93% and a net margin of 0.66%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. Equities research analysts forecast that ArcBest will post 7.42 EPS for the current year.

ArcBest Company Profile

ArcBest Corporation is a transportation and logistics company headquartered in Fort Smith, Arkansas. Its services include less-than-truckload freight through ABF Freight, as well as truckload, expedited transportation, freight brokerage, managed transportation and other supply chain solutions. The company serves businesses across North America and supports shipments to and from international markets through its transportation and logistics network. ArcBest traces its roots to 1923, when its predecessor began providing freight transportation services in Arkansas.