ArcBest Corporation (NASDAQ:ARCB) Announces $0.12 Quarterly Dividend

Key Points

• ArcBest announced a $0.12 quarterly dividend payable May 22 to shareholders of record on May 8 (ex-dividend date May 8), equal to an annualized $0.48 and a 0.4% yield.
• ArcBest reported Q results of $0.32 EPS, beating estimates by $0.05, with revenue roughly $999 million (up 3.3% YoY); its low payout ratio (~6.6%) and analysts' expected EPS (~$8.17) suggest the dividend is well covered.

ArcBest Corporation (NASDAQ:ARCB - Get Free Report) announced a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 8th will be given a dividend of 0.12 per share by the transportation company on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, May 8th.

ArcBest has increased 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 research analysts expect ArcBest to earn $8.17 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 5.9%.

ArcBest Stock Performance

NASDAQ:ARCB opened at $118.17 on Wednesday. The stock has a market cap of $2.63 billion, a P/E ratio of 48.63, a price-to-earnings-growth ratio of 0.63 and a beta of 1.55. The company has a current ratio of 0.93, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. The stock's 50-day moving average is $103.49 and its 200-day moving average is $88.53. ArcBest has a 1-year low of $58.16 and a 1-year high of $135.10.

ArcBest (NASDAQ:ARCB - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. ArcBest had a return on equity of 6.15% and a net margin of 1.38%.The company had revenue of $998.79 million for the quarter, compared to analysts' expectations of $999.07 million. During the same period in the previous year, the business posted $0.51 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that ArcBest will post 5.29 earnings per share for the current year.

About ArcBest

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.

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