ArcBest said on April 26, 2023 that its board of directors declared a regular quarterly dividend of $0.12 per share ($0.48 annualized). Previously, the company paid $0.12 per share.
Shares must be purchased before the ex-div date of May 9, 2023 to qualify for the dividend. Shareholders of record as of May 10, 2023 will receive the payment on May 24, 2023.
At the current share price of $89.90 / share, the stock's dividend yield is 0.53%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.79%, the lowest has been 0.26%, and the highest has been 1.91%. The standard deviation of yields is 0.35 (n=237).
The current dividend yield is 0.74 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.04. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.50%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 638 funds or institutions reporting positions in ArcBest. This is an increase of 18 owner(s) or 2.90% in the last quarter. Average portfolio weight of all funds dedicated to ARCB is 0.18%, an increase of 4.79%. Total shares owned by institutions decreased in the last three months by 0.67% to 25,325K shares. 
The put/call ratio of ARCB is 0.85, indicating a bullish outlook.
Analyst Price Forecast Suggests 30.48% Upside
As of April 24, 2023, the average one-year price target for ArcBest is 117.30. The forecasts range from a low of 102.01 to a high of $142.80. The average price target represents an increase of 30.48% from its latest reported closing price of 89.90.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ArcBest is 5,273MM, a decrease of 0.96%. The projected annual non-GAAP EPS is 11.22.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 1,809K shares representing 7.46% ownership of the company. In it's prior filing, the firm reported owning 1,796K shares, representing an increase of 0.75%. The firm decreased its portfolio allocation in ARCB by 11.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 702K shares representing 2.90% ownership of the company. In it's prior filing, the firm reported owning 694K shares, representing an increase of 1.18%. The firm decreased its portfolio allocation in ARCB by 10.01% over the last quarter.
Lsv Asset Management holds 701K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 713K shares, representing a decrease of 1.71%. The firm decreased its portfolio allocation in ARCB by 11.13% over the last quarter.
Alliancebernstein holds 682K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 723K shares, representing a decrease of 6.07%. The firm decreased its portfolio allocation in ARCB by 15.61% over the last quarter.
DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 638K shares representing 2.63% ownership of the company. No change in the last quarter.
ArcBest Background Information
(This description is provided by the company.)
ArcBest® is a leading logistics company with creative problem solvers who deliver innovative solutions for its customers' supply chain needs. The company will find a way to deliver knowledge, expertise and a can-do attitude with every shipment and supply chain solution, household move or vehicle repair.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
