Forward Air's most recent quarterly dividend of $0.24 per share was on Nov 21, 2023 (ex-date). The annualized payout of $0.96 per share represents a current dividend yield of 4.04%.
FWRD has a dividend yield of 4.04% which is higher than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 1.43%, Forward Air's dividend yield is 183% higher. The historical 5-year average of FWRD's dividend yield is 1.1%, which is less than the current one.
Forward Air has a dividend history dating as far as 1998, but lately the company has recorded 19 consecutive years of dividend payments. Our records of FWRD show that the company has distributed three quarterly dividends in the past year. The annualized dividend per share has remained the same for the last twelve months. But since the stock price has gone down by 78% from a year ago, the dividend yield has increased by 361%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 21, 2023 | Dec 7, 2023 | Oct 24, 2023 | $0.24 | normal |
| 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 15% which is lower than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 30.1%, Forward Air's payout ratio is 50% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FWRD Forward Air Corp | 4.04% | $0.96 | 15% |
| FDX Fedex Corp | 1.89% | $5.04 | 28.8% |
| EXPD Expeditors International Of Washington Inc | 1.2% | $1.38 | 27.3% |
| ODFL Old Dominion Freight Line Inc | 0.41% | $0.86 | 15.2% |
| ARCB Arcbest Corp | 0.35% | $0.48 | 5.9% |
Forward Air has issued three dividends in the last twelve months.
Forward Air's last regular dividend was on Nov 21, 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 4.04%.
Forward Air has a quarterly dividend frequency.
Forward Air's dividend payout ratio is 15%.
Forward Air's dividend yield is more than the Industrials sector average.