- ArcBest Corp ARCB declared a quarterly cash dividend of $0.08 per share payable on November 26, 2021, to record holders on November 12, 2021.
- The board also authorized ArcBest to enter into an accelerated share repurchase program with Morgan Stanley & Co. LLC to repurchase $100 million of common stock.
- The ASR authorization is in addition to the approval under the existing ArcBest share repurchase program, which currently has $41.9 million available.
- The company intends to enter into the ASR shortly after its earnings release for the third quarter of 2021, scheduled for November 2, 2021.
- Price Action: ARCB shares are trading higher by 5.98% at $95.22 on the last check on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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