FORWARD AIR CP
SymbolFWRD

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Forward Air Corporation Announces Authorization and Declaration of Quarterly Cash Dividend

2009-10-23 14:55 ET - News Release


Company Website: http://www.forwardair.com
GREENEVILLE, Tenn. -- (Business Wire)

Forward Air Corporation (NASDAQ:FWRD) today announced that its Board of Directors has declared a quarterly cash dividend of $0.07 per share of common stock. The dividend is payable to shareholders of record at the close of business on November 22, 2009, and is expected to be paid on December 7, 2009.

This quarterly dividend is pursuant to a cash dividend policy approved by the Board of Directors, which anticipates a total annual dividend of $0.28 per share of common stock, payable in quarterly increments of $0.07 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.

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