ArcBest Corp (ARCB) declares a dividend of $0.12

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

At the current share price of $87.83/share, the dividend yield of the stock is 0.55%. Looking back five years and taking a sample each week, the average dividend yield was 0.82%, the low 0.26% and the high 1.91%. The standard deviation of returns 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 as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into 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 one-year average price target for ArcBest Corp was $108.46. The predictions range from a low of $80.80 to a high of $144.90. The average price target represents a 23.49% increase from its last reported closing price of $87.83.

ArcBest Corp’s projected annual revenue is $5,273 million, an increase of 0.15%. Projected annual EPS is $11.22, down 14.78%.

Fund Sentiment

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

Average portfolio weight of all funds US dedicated: ARCB is 0.1695%, an increase of 1.8101%. The total number of shares held by institutions has decreased by 1.57% over the past three months to 25,444,000 shares.

What do the big shareholders do?

IJR – iShares Core S&P Small-Cap ETF holds 1,795,831 shares representing 7.35% ownership of the company. In its previous filing, the company said it held 1,709,165 shares, representing
a raise
of 4.83%. The company

increased

its portfolio allocation in ARCB by 10.22% in the last quarter.

Alliancebernstein holds 723,298 shares representing 2.96% ownership of the company. In its previous filing, the company said it held 773,776 shares, representing
a decrease
of 6.98%. The company

increased

its portfolio allocation in ARCB by 2.41% in the last quarter.

Lsv Asset Management holds 713,249 shares representing 2.92% ownership of the company. In its previous filing, the company said it held 675,298 shares, representing
a raise
of 5.32%. The company

increased

its portfolio allocation in ARCB by 18.61% in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 694,074 shares representing 2.84% ownership of the company. In its previous filing, the company said it held 686,248 shares, representing
a raise
by 1.13%. The company

increased

its portfolio allocation in ARCB by 8.96% in the last quarter.

DFSVX – US Small Cap Value Portfolio – Institutional Class owns 638,191 shares representing 2.61% ownership of the company. In its previous filing, the company said it held 640,239 shares, representing
a decrease
by 0.32%. The company

decreases

its portfolio allocation in ARCB by 11.02% in the last quarter.

General information about ArcBest
(This description is provided by the company.)

ArcBest® is a leading logistics company with creative problem solvers who provide 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, 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.