ArcBest® Declares an $0.08/Share Quarterly Dividend

Rhea-AI Summary

ArcBest (Nasdaq: ARCB) announced a quarterly cash dividend of $0.08 per share, payable to shareholders of record on November 13, 2020, with payment on November 27, 2020. This decision reflects the company's commitment to returning value to its shareholders, aligning with its growth strategy in the logistics sector.

Positive

• Quarterly cash dividend of $0.08 per share enhances shareholder value.
• Demonstrates the company's confidence in its financial performance.

Negative

• None.

FORT SMITH, Ark., Oct. 30, 2020 /PRNewswire/ -- The Board of Directors of ArcBest^® (Nasdaq: ARCB) has declared a quarterly cash dividend of eight cents ($0.08) per share to holders of record of its Common Stock, $0.01 par value, on November 13, 2020, payable on November 27, 2020.

ABOUT ARCBEST

ArcBest^® (Nasdaq: ARCB) is a leading logistics company with creative problem solvers who deliver innovative solutions for our customers' supply chain needs. We'll find a way to deliver knowledge, expertise and a can-do attitude with every shipment and supply chain solution, household move or vehicle repair. At ArcBest, we're More Than Logistics^®. For more information, visit arcb.com.

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

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SOURCE ArcBest

FAQ

What is the dividend amount for ArcBest (ARCB)?

The dividend amount declared by ArcBest (ARCB) is $0.08 per share.

When is the dividend for ArcBest (ARCB) payable?

The dividend will be payable on November 27, 2020, to shareholders of record on November 13, 2020.

Is the dividend from ArcBest (ARCB) sustainable?

The sustainability of the dividend will depend on the company's ongoing financial performance and cash flow.