Forward Air dividend – Forward Air to Issue Dividend Payment Tomorrow

🌥️Trending News

Tomorrow, Forward Air ($NASDAQ:FWRD) Corporation (FWRD) is issuing a dividend payment to shareholders. Operating primarily through its Forward Air Solutions and Forward Air Networks segments, Forward Air provides a range of services that include truckload and parcel pick-up and delivery; airport-to-airport transportation; direct-to-consignee delivery; full truckload and intermodal service; customs brokerage; pool distribution services; and ground and air expedite services. This dividend payment comes after the announcement in March that Forward Air would be suspending all stock buybacks in order to preserve cash in the current climate.

Forward Air is a key provider for the shipping and logistics industry and this dividend payment is an indication of the company’s current financial health and stability. Shareholders of the company will receive their dividend payments tomorrow.

Dividends – Forward Air dividend

Looking forward to 2021-2023, the dividend yields are estimated to be 0.94%, 0.95%, and 0.97%, respectively, with an average dividend yield of 0.95%. This is a testament to the company’s sound financial health and commitment to rewarding shareholders. With these consistent dividend payments, FORWARD AIR continues to be an attractive investment option for investors.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Forward Air. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Forward Air. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Forward Air. More…

Key Ratios Snapshot

Some of the financial key ratios for Forward Air are shown below. More…

Market Price

On Tuesday, FORWARD AIR (NASDAQ: FWRD) announced that it will be issuing a dividend payment to its shareholders tomorrow. The stock opened at $98.0 and closed at the same amount, down by 0.3% from the previous closing price of 98.3. This dividend payment is in line with FORWARD AIR’s ongoing commitment to reward its shareholders with cash dividends. It is also a testament to the company’s solid financial performance, enabling it to return capital to its shareholders. Live Quote…

Analysis – Forward Air Stock Fair Value Calculation

At GoodWhale, our mission is to help our investors make informed decisions. We have analyzed the financials of FORWARD AIR and are excited to share our insights. Our proprietary Valuation Line tells us that the intrinsic value of FORWARD AIR share is around $108.4. Interestingly, FORWARD AIR stock is currently being traded at $98.0, indicating that it is undervalued by 9.6%. For investors looking to buy FORWARD AIR shares, this could be a great opportunity. More…

Peers

Forward Air Corporation is an American freight transportation and logistics company with its headquarters in Greeneville, Tennessee. The company operates 97 terminals and 10 Hubs throughout the United States. Forward Air has been in business since 1974 and has a fleet of over 1,400 tractors and 2,800 trailers. The company’s revenue was $946 million in 2017.

– Janel Corp ($OTCPK:JANL)

Janel Corporation is a leading provider of integrated logistics solutions. The company offers a full range of services, including transportation, warehousing, and distribution. Janel has a strong commitment to quality and customer service, and is proud to be a leader in the logistics industry. The company has a market cap of 47.09M as of 2022 and a return on equity of 35.82%. Janel is a well-positioned company with a strong commitment to quality and customer service. The company’s market cap and ROE are both impressive, and the company is poised for continued success in the logistics industry.

– Grand Power Logistics Group Ltd ($SEHK:08489)

Grand Power Logistics Group Ltd is a Hong Kong-based investment holding company principally engaged in the provision of integrated logistics solutions. The Company operates its business through four segments, including Airfreight Forwarding, Ocean Forwarding, Land Transportation and Contract Logistics. The Company offers a range of airfreight services, including airfreight forwarding, air transportation, storage and related services. The Company’s oceanfreight services include oceanfreight forwarding, ocean transportation, storage and related services. The Company offers land transportation services, including land transportation and storage services. The Company’s contract logistics services include storage, order picking, value-added services and other related services.

– Wiseway Group Ltd ($ASX:WWG)

Wiseway Group Ltd is a holding company that operates through its subsidiaries. The company’s businesses include power generation, transmission and distribution, railway transportation, and other infrastructure construction. The company was founded in 1949 and is headquartered in Beijing, China.

Summary

Forward Air is an air cargo transportation provider that specializes in transporting packages and freight. It also provides ground freight services and international air freight services. Investors looking to purchase Forward Air stock should note that the company is going ex-dividend tomorrow. This means that investors who buy the stock before the ex-dividend date will not receive the next scheduled dividend payment. For those who purchase on or after the ex-dividend date, the dividend will be paid to the seller, not the buyer.

Analysts have been generally positive on Forward Air, citing its strong financials and efficient supply chain management. The company has grown revenues over the past few years and its operating margins remain healthy. Despite some weakness in air cargo rates in recent quarters, Forward Air has been able to maintain its profitability and position itself for growth going forward.