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

ArcBest Corporation (NASDAQ:ARCB) announced a quarterly dividend on Tuesday, January 27th. Investors of record on Tuesday, February 10th will be given a dividend of 0.12 per share by the transportation company on Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, February 10th.

ArcBest has increased its dividend payment 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 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

Shares of NASDAQ:ARCB traded up $0.70 during trading on Wednesday, reaching $87.60. 84,851 shares of the company’s stock traded hands, compared to its average volume of 318,509. The stock has a market capitalization of $1.97 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 11.08 and a beta of 1.51. ArcBest has a 12 month low of $55.19 and a 12 month high of $103.14. The company has a 50 day moving average of $77.29 and a 200-day moving average of $74.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98.

ArcBest (NASDAQ:ARCB) last issued its earnings results on Wednesday, November 5th. The transportation company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.09. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. ArcBest had a return on equity of 8.24% and a net margin of 2.41%.ArcBest’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 earnings per share. On average, equities analysts expect that ArcBest will post 7 EPS 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.