Forward Air Corporation (NASDAQ:FWRD) said its board of directors has declared a quarterly cash dividend of USD0.12 per share of common stock.
The dividend is payable to shareholders of record at the close of business on November 23, 2015 and is expected to be paid on December 8, 2015.
This dividend is pursuant to a cash dividend policy approved by the board of directors, which anticipates a total annual dividend of USD0.48 per share of common stock, payable in quarterly increments of USD0.12 per share of common stock. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the board of directors each quarter after its review of the company´s financial performance.
Forward Air Corporation operates three business segments: Forward Air, Forward Air Solutions and Total Quality.