ArcBest Declares $0.12 Quarterly Dividend

ArcBest Corporation (NASDAQ: ARCB) has declared a quarterly cash dividend of $0.12 per share, payable to holders of record of its common stock on May 10, 2024, with the payment date set for May 24, 2024. This represents a change from the previous dividend payout, indicating the company's commitment to returning value to its shareholders.

The company, with 15,000 employees across 250 campuses and service centers, has a strong foothold in the logistics industry, offering a wide range of solutions including ground, air, and ocean transportation, as well as fully managed supply chains. This announcement comes as ArcBest continues to leverage its technology, expertise, and scale to meet the evolving needs of the global supply chain.

Investors and analysts will be closely monitoring ArcBest's financial performance and dividend policies, particularly in light of the company's ongoing efforts to navigate supply chain challenges and drive technological innovation, such as the development of ground-breaking technology like vaux™, recognized as one of Time's best inventions of 2023. Following these announcements, the company's shares moved -6.9%, and are now trading at a price of $128.59. For the full picture, make sure to review ArcBest's 8-K report.

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