Forward Air Corporation (NASDAQ:FWRD) will begin trading ex-dividend on November 24, 2020. The quarterly dividend payment of $ 0.21 per share is scheduled to be paid on December 10, 2020. The dividend yield based on the latest trading day closing price was 1.13 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 24, 2020.
Dividends History
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Forward Air Corporation recently reported second quarter financial results on July 30, 2020, after market close, the Greeneville based company communicated income for the second quarter of $ 0.33 per share, from the revenue of $ 281.68 million. The quarterly earnings fell 57.69 percent while revenues contracted 19.07 percent compared with the same quarter last year.
According to street consensus, FWRD was expected to report 2Q20 income of $ 0.12 per share from revenue of $ 276.66 million. The bottom line results beat street analysts by $ 0.21 or 175.00 percent, at the same time, top line results outshined analysts by $ 5.02 million or 1.81 percent.
Stock Performance
Shares of Forward Air Corporation traded low $ -0.52 or -0.70 percent on Thursday, reaching $ 74.21 with volume of 91.40 thousand shares. Forward Air Corporation has traded high as $ 74.61 and has cracked $ 72.43 on the downward trend
According to the previous trading day, closing price of $ 74.21, representing a 88.76 % increase from the 52 week low of $ 39.59 and a 0.88 % decrease over the 52 week high of $ 75.39.
The company has a market capital of $ 2.04 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United State and Canada. The company operates through four segments: Expedited Less-Than-Truckload (LTL), Truckload Premium Services (TLS), Intermodal, and Pool Distribution (Pool). The Expedited LTL segment provides expedited regional, inter-regional, and national LTL services, as well as local pick-up and delivery services.
