Arkansas Best declares 15-cent quarterly dividend
by July 24, 2009 3:25 pm 72 views
The board of Fort Smith-based Arkansas Best Corp. announced Friday (July 24) a quarterly cash dividend of 15 cents per share to holders of record as of Aug. 7, and payable on Aug. 21.
The company posted a second quarter net income loss of $15.4 million, marking the third consecutive quarter the company posted a loss. For the first six months of 2009, Arkansas Best has lost $33.6 million, compared to a net income of $24.6 million in the first six months of 2008.
Company shares (NASDAQ: ABFS) closed Friday (July 24) at $26.36, up 85 cents. During the past 52 weeks the share price has ranged from a $43.28 high to a $15.84 low.