Arkansas Best Stock To Go Ex-dividend Tomorrow (ABFS)

NEW YORK ( TheStreet) -- The ex-dividend date for Arkansas Best Corporation (Nasdaq: ABFS) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $15.48 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Arkansas Best has been 298,900 shares per day over the past 30 days. Arkansas Best has a market cap of $390.1 million and is part of the services sector and transportation industry. Shares are down 19.4% year to date as of the close of trading on Wednesday.

Arkansas Best Corporation, through its subsidiaries, engages in motor carrier freight transportation in the United States. The company provides shipping services to its customers by transporting various large and small shipments to geographically dispersed destinations. The company has a P/E ratio of 511, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Arkansas Best as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Arkansas Best Ratings Report.

See our dividend calendar or top-yielding stocks list.
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