ArcBest Declares a $0.12/Share Quarterly Dividend

Rhea-AI Summary

The Board of Directors of ArcBest (Nasdaq: ARCB) has declared a quarterly cash dividend of $0.12 per share, payable to shareholders on May 24, 2023. This dividend will be distributed to stockholders of record as of May 10, 2023. ArcBest, founded in 1923, is a leading integrated logistics company with over 15,000 employees and nearly 250 service locations globally. This decision reflects the company's commitment to providing shareholder value while maintaining its position in the logistics sector.

Positive

• Quarterly cash dividend of $0.12 per share declared.
• Demonstrates commitment to shareholder returns.

Negative

• None.

FORT SMITH, Ark., April 26, 2023 /PRNewswire/ -- The Board of Directors of ArcBest^® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on May 10, 2023, payable on May 24, 2023.

ABOUT ARCBEST

ArcBest^® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with over 15,000 employees across nearly 250 campuses and service centers, the company is a logistics powerhouse, fueled by the simple notion of finding a way to get the job done. Through innovative thinking, agility and trust, ArcBest leverages its full suite of shipping and logistics solutions to meet customers' critical needs, each and every day. For more information, visit arcb.com.

Investor Relations Contact: David Humphrey
Title: Vice President – Investor Relations 
Phone: 479-785-6200   
Email: dhumphrey@arcb.com 

Media Contact: Autumnn Mahar
Title: Senior Manager, PR and Social 
Phone: 479-494-8221 
Email: amahar@arcb.com 

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SOURCE ArcBest

FAQ

What is the dividend amount declared by ArcBest?

ArcBest declared a quarterly cash dividend of $0.12 per share.

When will ArcBest's dividend be paid?

The dividend will be paid on May 24, 2023.

What is the record date for ArcBest's dividend?

The record date for the dividend is May 10, 2023.

How often does ArcBest pay dividends?

ArcBest typically pays dividends quarterly.

Is ArcBest's dividend sustainable?

The sustainability of ArcBest's dividend can be assessed based on its financial performance.