Arkansas Best (NASDAQ:ARCB) has elected to stick with its long-standing dividend. The company this week declared its latest common stock quarterly disbursement, which is to be $0.03 per share paid on Aug. 22 to shareholders of record as of Aug. 8.
That amount is in line with each of Arkansas Best's regular distributions stretching back to February 2010. The just-declared dividend annualizes to $0.12 per share. That yields 0.5% at Arkansas Best's most recent closing stock price of $21.95.
The company is scheduled to announce its Q2 results prior to market open on Aug. 9. Management is scheduled to host a conference call at 9:30 am Eastern time that morning to discuss the quarter.
Fool contributor Eric Volkman has no position in Arkansas Best. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.