Analyzing ArcBest's Ex-Dividend Date

ArcBest ARCB declared a dividend payable on August 25, 2021 to its shareholders as of July 27, 2021. It was also announced that shareholders of ArcBest's stock as of August 11, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for ArcBest is set for August 10, 2021. The company's current dividend payout sits at $0.08, equating to a dividend yield of 0.56% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding ArcBest's Dividend Performance

Over the past year, ArcBest has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on August 6, 2020 the company's payout was $0.08, which has returned to its value today. ArcBest's dividend yield last year was 1.05%, which has since decreased by 0.49%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on ArcBest's previous dividends.