ArcBest announces quarterly cash dividend of $0.12 per share

FORT SMITH, Ark. - ArcBest (NASDAQ:ARCB), a logistics and transportation company with a 22-year track record of consistent dividend payments, has announced a quarterly cash dividend of $0.12 per share for its common stockholders. The dividend is scheduled for payment on February 25, 2025, to shareholders of record as of February 11, 2025. According to InvestingPro, the company maintains a healthy dividend yield of 0.48%.

ArcBest, with a history dating back to 1923, has established itself as a significant player in the logistics industry, commanding a market capitalization of $2.31 billion. The company employs approximately 14,000 individuals across various campuses and service centers. The company’s services span ground, air, and ocean transportation, as well as comprehensive supply chain management solutions, leveraging its technological capabilities and expertise.

In recent years, ArcBest has been recognized for its innovative contributions to the logistics sector, including the development of Vaux™, which was named one of the TIME Best Inventions of 2023. The company’s commitment to innovation and customer service is a cornerstone of its business strategy, aiming to address the evolving needs of the global supply chain.

The dividend declaration reflects ArcBest’s solid financial position, evidenced by its "Good" financial health score from InvestingPro. The company currently trades below its Fair Value, presenting a potential opportunity for investors. For detailed analysis and additional insights, including 10+ more ProTips and comprehensive financial metrics, investors can access the full Pro Research Report on InvestingPro’s platform.

In other recent news, ArcBest Corporation experienced a downturn in its Q4 financials, with a decline in revenue and tonnage across its business segments. The freight and logistics company also reported a decrease in consolidated revenue by 6% to $1.1 billion in the third quarter of 2024. Stifel and Citi, two financial services firms, adjusted their stock price targets for ArcBest, with Stifel maintaining a Buy rating despite a reduction to $109, and Citi keeping a Neutral stance after lowering the target to $118.

Recent developments at ArcBest include executive transitions, with Michael E. Newcity, the Chief Innovation Officer, set to retire at the end of 2024, and Dennis L. Anderson assuming the role of Chief Strategy and Innovation Officer. The company’s board also approved a revised Code of Conduct.

Despite current challenges, ArcBest’s strategic focus on growth and efficiency remains undeterred, with plans to continue facility expansions. Analysts expect ArcBest to achieve more savings in 2025 from ongoing investments in efficiency. However, they also anticipate a non-GAAP operating loss of $5 million to $7 million for Q4 2024.

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