Arkansas Best announces quarterly dividend
by July 25, 2013 10:27 am 108 views
The Board of Directors at Fort Smith-based Arkansas Best Corp. have declared a quarterly cash dividend of 3 cents per share to be paid Aug. 22 to shareholders of record on Aug. 8.
Arkansas Best is a transportation holding company, and it’s largest subsidiary is less-than-truckload carrier ABF Freight System.
Arkansas Best is scheduled to announce second quarter earnings on Aug. 9. The company reported a first quarter loss of $13.4 million. The consensus of the 17 analysts who follow the company is that per share income will be 20 cents, with topline revenue estimated to reach $571.94 million.
Arkansas Best shares (NASDAQ: ABFS) closed Wednesday at $21.32. During the past 52 weeks the share price has ranged from a $24 high to a $6.43 low.