ArcBest Corp (ARCB) Declares $0.12 Dividend

ArcBest Corp said on January 31, 2023 that its board of directors declared a regular quarterly dividend of $0.12 per share ($0.48 annualized). Shareholders of record as of February 13, 2023 will receive the payment on February 28, 2023. Previously, the company paid $0.12 per share.

At the current share price of $87.83 / share, the stock's dividend yield is 0.55%. Looking back five years and taking a sample every week, the average dividend yield has been 0.82%, the lowest has been 0.26%, and the highest has been 1.91%. The standard deviation of yields is 0.34 (n=236).

The current dividend yield is 0.79 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.

Analyst Price Forecast Suggests 23.49% Upside

As of February 2, 2023, the average one-year price target for ArcBest Corp is $108.46. The forecasts range from a low of $80.80 to a high of $144.90. The average price target represents an increase of 23.49% from its latest reported closing price of $87.83.

The projected annual revenue for ArcBest Corp is $5,273MM, an increase of 0.15%. The projected annual EPS is $11.22, a decrease of 14.78%.

Fund Sentiment

There are 616 funds or institutions reporting positions in ArcBest Corp. This is a decrease of 34 owner(s) or 5.23%.

Average portfolio weight of all funds dedicated to US:ARCB is 0.1695%, an increase of 1.8101%. Total shares owned by institutions decreased in the last three months by 1.57% to 25,444K shares.

What are large shareholders doing?

IJR - iShares Core S&P Small-Cap ETF holds 1,795,831 shares representing 7.35% ownership of the company. In it's prior filing, the firm reported owning 1,709,165 shares, representing an increase of 4.83%. The firm increased its portfolio allocation in ARCB by 10.22% over the last quarter.

Alliancebernstein holds 723,298 shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 773,776 shares, representing a decrease of 6.98%. The firm increased its portfolio allocation in ARCB by 2.41% over the last quarter.

Lsv Asset Management holds 713,249 shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 675,298 shares, representing an increase of 5.32%. The firm increased its portfolio allocation in ARCB by 18.61% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 694,074 shares representing 2.84% ownership of the company. In it's prior filing, the firm reported owning 686,248 shares, representing an increase of 1.13%. The firm increased its portfolio allocation in ARCB by 8.96% over the last quarter.

DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 638,191 shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 640,239 shares, representing a decrease of 0.32%. The firm decreased its portfolio allocation in ARCB by 11.02% over 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.