Forward Air Corp
FWRDForward Air Corp (FWRD) is a logistics and transportation company specializing in ground expedited freight and related services, primarily serving the North American North/south freight network. The company offers surface expedited transportation, regulated airfreight forwarding, and integrated supply chain solutions, focusing on time-sensitive shipments for various industries including retail, e-commerce, and aerospace.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| December 7, 2023 | $0.24 | 2023-11-21 | 2023-11-22 |
| September 7, 2023 | $0.24 | 2023-08-16 | 2023-08-17 |
| June 13, 2023 | $0.24 | 2023-05-24 | 2023-05-25 |
| March 17, 2023 | $0.24 | 2023-03-01 | 2023-03-02 |
| December 8, 2022 | $0.24 | 2022-11-22 | 2022-11-23 |
Dividends Summary
- Consistent Payer: Forward Air Corp has rewarded shareholders with 76 dividend payments over the past 18 years.
- Total Returned Value: Investors who held FWRD shares during this period received a total of $9.59 per share in dividend income.
- Latest Payout: The most recent dividend of $0.24/share was paid 778 days ago, on December 7, 2023.
- Yield & Schedule: FWRD currently pays dividends quarterly with an annual yield of 3.43%.
- Dividend Growth: Since 2005, the dividend payout has grown by 300.0%, from $0.06 to $0.24.
- Dividend Reliability: FWRD has maintained or increased its dividend for 76 consecutive payments.
Company News
President Trump's tariff announcement has the potential to permanently alter shipping routes, creating new winners and losers among transport companies. The tariffs appear designed to shift manufacturing from overseas to the U.S., which could fundamentally impact the businesses of global shippers.
Forward Air, a transportation services provider, reported a Q4 loss and weaker-than-expected sales, leading to a 6.8% stock drop. The company took a $79 million goodwill impairment, and its Expedited Freight segment was negatively impacted by a focus on volume over profitability. Analysts have a cautious outlook on Forward Air's earnings, but a m...
Activist investor Alta Fox is pushing for the sale of transportation company Forward Air, claiming it has the support of other investors owning 25% of the company. Forward Air has responded that it is actively analyzing its business and strategy to enhance shareholder value.
Forward Air, a transportation company, reported a massive loss in the quarter due to one-time charges, but its underlying business trends improved. The company is under new management and slowly making progress after an unpopular acquisition and disappointing results.
Forward Air, a transportation and logistics company, saw its shares spike nearly 20% in June after reports that activist investor Irenic Capital Management has built a 5% stake in the company. Irenic has called on Forward's board to consider options including a possible sale, as the company has faced challenges following its acquisition of Omni L...
