Forward Air's most recent quarterly dividend of $0.24 per share was on Nov 22, 2022 (ex-date). The annualized payout of $0.96 per share represents a current dividend yield of 0.91%.
FWRD has a dividend yield of 0.91% which is lower than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 1.45%, Forward Air's dividend yield is 37% lower. The historical 5-year average of FWRD's dividend yield is 1.0%, which is more than the current one.
Forward Air has a dividend history dating as far as 1998, but lately the company has recorded 17 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 14% for the last twelve months. And since the stock price has gone up by 2.1% from a year ago, the dividend yield has increased by 12%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 13.6% which is lower than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 27.4%, Forward Air's payout ratio is 50% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FDX Fedex Corp | 2.2% | $4.2 | 32.6% |
| EXPD Expeditors International Of Washington Inc | 1.24% | $1.34 | 13.9% |
| FWRD Forward Air Corp | 0.91% | $0.96 | 13.6% |
| ARCB Arcbest Corp | 0.52% | $0.44 | 3.3% |
| ODFL Old Dominion Freight Line Inc | 0.36% | $1.2 | 10.2% |
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 February 2023.
Forward Air's last regular dividend was on Nov 22, 2022 (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 0.91%.
Forward Air has a quarterly dividend frequency.
Forward Air's dividend payout ratio is 13.6%.
Forward Air's dividend yield is less than the Industrials sector average.