Forward Air's most recent quarterly dividend of $0.24 per share was on Aug 16, 2023 (ex-date). The annualized payout of $0.96 per share represents a current dividend yield of 1.44%.
FWRD has a dividend yield of 1.44% which is higher than its peers average but lower than the Industrials sector and the industry average. If we compare it with the Industrials sector average of 1.55%, Forward Air's dividend yield is 7% lower. The historical 5-year average of FWRD's dividend yield is 1.0%, which is less than the current one.
Forward Air has a dividend history dating as far as 1998, but lately the company has recorded 18 consecutive years of dividend payments. Our records of FWRD show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 3.2% for the last twelve months. And since the stock price has gone down by 26% from a year ago, the dividend yield has increased by 39%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 16, 2023 | Sep 7, 2023 | Jul 25, 2023 | $0.24 | normal |
| May 24, 2023 | Jun 13, 2023 | Apr 28, 2023 | $0.24 | normal |
| Mar 1, 2023 | Mar 17, 2023 | Feb 7, 2023 | $0.24 | normal |
| Nov 22, 2022 | Dec 8, 2022 | Oct 26, 2022 | $0.24 | normal |
| Aug 17, 2022 | Sep 8, 2022 | Jul 27, 2022 | $0.24 | normal |
| May 25, 2022 | Jun 14, 2022 | Apr 27, 2022 | $0.24 | normal |
| Mar 2, 2022 | Mar 18, 2022 | Feb 8, 2022 | $0.24 | normal |
| Nov 23, 2021 | Dec 9, 2021 | Oct 26, 2021 | $0.21 | normal |
| Aug 19, 2021 | Sep 9, 2021 | Jul 29, 2021 | $0.21 | normal |
| May 26, 2021 | Jun 14, 2021 | Apr 26, 2021 | $0.21 | normal |
| Mar 3, 2021 | Mar 19, 2021 | Feb 2, 2021 | $0.21 | normal |
| Nov 24, 2020 | Dec 10, 2020 | Oct 27, 2020 | $0.21 | normal |
| Aug 19, 2020 | Sep 9, 2020 | Jul 21, 2020 | $0.18 | normal |
| May 21, 2020 | Jun 10, 2020 | Apr 29, 2020 | $0.18 | normal |
| Mar 4, 2020 | Mar 20, 2020 | Feb 4, 2020 | $0.18 | normal |
| Nov 20, 2019 | Dec 6, 2019 | Oct 22, 2019 | $0.18 | normal |
| Aug 21, 2019 | Sep 6, 2019 | Jul 23, 2019 | $0.18 | normal |
| May 23, 2019 | Jun 7, 2019 | Apr 19, 2019 | $0.18 | normal |
| Mar 6, 2019 | Mar 22, 2019 | Feb 5, 2019 | $0.18 | normal |
| Nov 21, 2018 | Dec 7, 2018 | Oct 23, 2018 | $0.18 | normal |
| Aug 22, 2018 | Sep 7, 2018 | Jul 24, 2018 | $0.15 | normal |
| May 24, 2018 | Jun 8, 2018 | Apr 20, 2018 | $0.15 | normal |
| Mar 7, 2018 | Mar 23, 2018 | Feb 6, 2018 | $0.15 | normal |
| Nov 21, 2017 | Dec 8, 2017 | Oct 24, 2017 | $0.15 | normal |
| Aug 23, 2017 | Sep 8, 2017 | Jul 25, 2017 | $0.15 | normal |
| May 23, 2017 | Jun 9, 2017 | Apr 25, 2017 | $0.15 | normal |
| Mar 7, 2017 | Mar 24, 2017 | Feb 7, 2017 | $0.15 | normal |
| Nov 21, 2016 | Dec 9, 2016 | Oct 25, 2016 | $0.15 | normal |
| Aug 18, 2016 | Sep 6, 2016 | Jul 21, 2016 | $0.12 | normal |
| May 26, 2016 | Jun 13, 2016 | Apr 29, 2016 | $0.12 | normal |
| Mar 8, 2016 | Mar 28, 2016 | Feb 9, 2016 | $0.12 | normal |
FWRD has a payout ratio of 16.9% which is higher than its peers average but lower than the Industrials sector and the industry average. If we compare it with the Industrials sector average of 29.2%, Forward Air's payout ratio is 42% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FDX Fedex Corp | 1.83% | $4.82 | 29.2% |
| FWRD Forward Air Corp | 1.45% | $0.96 | 16.9% |
| EXPD Expeditors International Of Washington Inc | 1.18% | $1.36 | 20.1% |
| ARCB Arcbest Corp | 0.48% | $0.48 | 4.9% |
| ODFL Old Dominion Freight Line Inc | 0.37% | $1.5 | 13% |
Yes, Forward Air has paid four dividends in the last twelve months. FWRD has been paying dividends since 2005.
FWRD hasn't announced its next dividend date yet, but if we take into consideration its recent dividend schedule, it is likely that its next dividend will be in November 2023.
Forward Air's last regular dividend was on Aug 16, 2023 (ex-date) with the amount of $0.24 per share.
FWRD has paid dividend of $0.96 per share in the last year.
Forward Air's current dividend yield is 1.44%.
Forward Air has a quarterly dividend frequency.
Forward Air's dividend payout ratio is 16.9%.
Forward Air's dividend yield is less than the Industrials sector average.