The ex-dividend date for Forward Air Corporation (Nasdaq:FWRD) is Monday, August 22, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $24.46 as of 9:47 a.m., the dividend yield is 1.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Forward Air Corporation (Nasdaq: FWRD) is Monday, August 22, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $24.46 as of 9:47 a.m. ET, the dividend yield is 1.1%. The average volume for Forward Air has been 179,000 shares per day over the past 30 days. Forward Air has a market cap of $774.3 million and is part of the services sector and transportation industry. Shares are down 13.7% year to date as of the close of trading on Thursday. Forward Air Corporation provides surface transportation and related logistics services to the North American deferred air freight market. The company operates in two segments, Forward Air, Inc. (Forward Air) and Forward Air Solutions, Inc. (FASI). The company has a P/E ratio of 19, above the average transportation industry P/E ratio of 18.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Forward Air as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Forward Air Ratings Report. See our dividend calendar or top-yielding stocks list.