Arkansas Best issues 3-cent dividend
by July 23, 2010 4:17 pm 57 views
Arkansas Best Corp. has declared a quarterly cash dividend of 3 cents per share to holders of record of on Aug. 6, payable on Aug. 20.
Fort Smith-Arkansas Best Corp. posted a net income loss of $7.4 million for the second quarter of 2010. The second quarter earnings reflected a net loss of 30 cents per share, which beat the consensus of analyst estimates by 9 cents. Also, total revenue during the quarter was $411.3 million, up 13.4% compared to the same quarter of 2009.
Arkansas Best Corp. is a transportation holding company and ABF Freight System Inc., is its largest subsidiary.
Arkansas Best shares (NASDAQ: ABFS) closed Friday at $22.77, up $1.02. During the past 52 weeks the share price has ranged from a $34.56 high to an $18.84 low.