Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
Forward Air Dividend Announcement
• Forward Air announced a quarterly dividend of $0.24 per ordinary share which will be made payable on 2023-12-07. Ex dividend date: 2023-11-21
• Forward Air annual dividend for 2023 was $0.96
• Forward Air's trailing twelve-month (TTM) dividend yield is 0.71%
• Forward Air's payout ratio for the trailing twelve months (TTM) is -1.65%
• Forward Air's dividend growth over the last five years (2018-2023) was 8.79% year
• Forward Air's dividend growth over the last ten years (2013-2023) was 9.15% year
Forward Air Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-11-21 | $0.24 | quarterly | 2023-12-07 |
2023-08-16 | $0.24 | quarterly | 2023-09-07 |
2023-05-24 | $0.24 | quarterly | 2023-06-13 |
2023-03-01 | $0.24 | quarterly | 2023-03-17 |
2022-11-22 | $0.24 | quarterly | 2022-12-08 |
2022-08-17 | $0.24 | quarterly | 2022-09-08 |
2022-05-25 | $0.24 | quarterly | 2022-06-14 |
2022-03-02 | $0.24 | quarterly | 2022-03-18 |
2021-11-23 | $0.21 | quarterly | 2021-12-09 |
2021-08-19 | $0.21 | quarterly | 2021-09-09 |
2021-05-26 | $0.21 | quarterly | 2021-06-14 |
2021-03-03 | $0.21 | quarterly | 2021-03-19 |
2020-11-24 | $0.21 | quarterly | 2020-12-10 |
2020-08-19 | $0.18 | quarterly | 2020-09-09 |
2020-05-21 | $0.18 | quarterly | 2020-06-10 |
2020-03-04 | $0.18 | quarterly | 2020-03-20 |
2019-11-20 | $0.18 | quarterly | 2019-12-06 |
2019-08-21 | $0.18 | quarterly | 2019-09-06 |
2019-05-23 | $0.18 | quarterly | 2019-06-07 |
2019-03-06 | $0.18 | quarterly | 2019-03-22 |
2018-11-21 | $0.18 | quarterly | 2018-12-07 |
2018-08-22 | $0.15 | quarterly | 2018-09-07 |
2018-05-24 | $0.15 | quarterly | 2018-06-08 |
2018-03-07 | $0.15 | quarterly | 2018-03-23 |
2017-11-21 | $0.15 | quarterly | 2017-12-08 |
2017-08-23 | $0.15 | quarterly | 2017-09-08 |
2017-05-23 | $0.15 | quarterly | 2017-06-09 |
2017-03-07 | $0.15 | quarterly | 2017-03-24 |
2016-11-21 | $0.15 | quarterly | 2016-12-09 |
2016-08-18 | $0.12 | quarterly | 2016-09-06 |
2016-05-26 | $0.12 | quarterly | 2016-06-13 |
2016-03-08 | $0.12 | quarterly | 2016-03-28 |
2015-11-19 | $0.12 | quarterly | 2015-12-08 |
2015-08-20 | $0.12 | quarterly | 2015-09-08 |
2015-05-22 | $0.12 | quarterly | 2015-06-12 |
2015-03-10 | $0.12 | quarterly | 2015-03-27 |
2014-11-19 | $0.12 | quarterly | 2014-12-08 |
2014-08-19 | $0.12 | quarterly | 2014-09-05 |
2014-05-21 | $0.12 | quarterly | 2014-06-06 |
2014-03-06 | $0.12 | quarterly | 2014-03-24 |
2013-11-20 | $0.10 | quarterly | 2013-12-09 |
2013-08-21 | $0.10 | quarterly | 2013-09-07 |
2013-05-21 | $0.10 | quarterly | 2013-06-06 |
2013-03-06 | $0.10 | quarterly | 2013-03-22 |
2012-11-20 | $0.10 | quarterly | 2012-12-10 |
2012-08-21 | $0.10 | quarterly | 2012-09-07 |
2012-05-21 | $0.07 | quarterly | 2012-06-07 |
2012-03-06 | $0.07 | quarterly | 2012-03-23 |
Forward Air Dividend per year
Forward Air Dividend growth
Forward Air Dividend Yield
Forward Air current trailing twelve-month (TTM) dividend yield is 0.71%. Interested in purchasing Forward Air stock? Use our calculator to estimate your expected dividend yield:
Forward Air Financial Ratios
Forward Air Dividend FAQ
Other factors to consider when evaluating Forward Air as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Forward Air's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Forward Air publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Forward Air distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Forward Air are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Forward Air sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Forward Air distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Forward Air declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Forward Air's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Forward Air's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.