Arkansas Best declares dividend
by April 21, 2011 4:45 pm 52 views
The Board of Directors of Arkansas Best Corporation (Nasdaq: ABFS) has declared a quarterly dividend of three cents per share to shareholders of record on May 5, 2011, and payable on May 19.
Also, the company is scheduled to release first quarter 2011 earnings on April 25. The trucking company posted a 2010 net income loss of $32.421 million, an improvement over the $127.522 million net income loss in 2009.
Arkansas Best, which employs about 9,500 nationwide, is a transportation holding company, with ABF Freight System its largest subsidiary.
Shares of Arkansas Best (NASDAQ: ABFS) closed Thursday at $25.36, down 14 cents. During the past 52 weeks, the share price has ranged from a $33.52 high to an $18.84 low.