Dividends

Upcoming ex-dividend dates, recent cuts and initiations across 10+ years of US dividend history.
Forward Air (FWRD) — Dividend Profile
Industrials·Integrated Freight & Logistics
SuspendedQuarterly
Forward Yield
9.27%
@ $10.36
TTM Yield
—
Forward Annual
$0.96
Quarterly
Market Cap
$327.3m
Payout (FCF)
0%
Payout (Earnings)
—
Latest Amount
$0.2400
Ex 2023-11-21
3y CAGR
8.6%
5y CAGR
8.8%
10y CAGR
—
Next Ex-Date
—
Dividend Safety Forensics
Composite of six quantitative scores plus a 5-point yield-trap framework. Each axis contributes independently; the overall label is the aggregate.
Forensics: WarningYield Trap: Yellow3 of 6 red flags · 2 of 5 trap signals
Score breakdown
Altman Z (bankruptcy)
Distance from bankruptcy. Safe > 2.99, Distress < 1.81.
Distress (-0.09)
Ohlson O (default prob)
Estimated 1-year probability of financial distress.
High (93.3%)
Piotroski F-Score
Fundamental quality (9 binary criteria). 7+ strong, 3- weak.
3/9 (Weak)
Beneish M (manipulation)
Detects accounting manipulation signals in earnings.
Clean
Dividend Safety (EQ)
Composite from payout ratio, FCF coverage, accrual quality.
No coverage
FCF Coverage
Free cash flow divided by dividends. 2.0× = strong cushion.
No coverage
Yield-trap signals (5-point Benzinga framework)
Payout > 100%
Paying out more than it earns over TTM.
✓ OK
FCF coverage < 1.0×
Free cash flow doesn't fully cover the dividend.
✓ OK
Yield > 2× sector median
Yield well above peers — often a sign of price collapse, not premium income.
✓ OK
High leverage (D/E > 2)
Debt-to-equity above 2× — limits flexibility if cash flow dips.
⚠ Fired
6m return < -25%
Current 6m return: -60.0%
⚠ Fired
Dividend Capture Stats
Measures how this stock has historically behaved around its ex-dividend dates over the last 10 years. Pre-tax, pre-commission, before-slippage. Based on 16 settled events.
Median Ex-Date Drop
0.29%
Pre-close → ex-close. Clean ex-dates drop by ~the dividend amount.
Recovery Rate
94%
15 of 16 events recovered within 90 days
Median Recovery Time
2 days
1 – 7 days IQR
Avg Capture Yield
0.27%
Per-cycle return when capture succeeds
Disclaimer: Historical capture statistics are descriptive, not predictive. Past recovery patterns don’t guarantee future ones. The "naive capture" math also ignores taxes (qualified-dividend treatment vs. short-term gains can swing outcomes significantly).
Annual dividends per share
Sum of recurring per-share payments per calendar year. Current year is partial.
Cumulative per-share payments
Full dividend history (30)
Ex-Date▼AmountFrequencyPay DateType
2023-11-21$0.2400Quarterly2023-12-07recurring
2023-08-16$0.2400Quarterly2023-09-07recurring
2023-05-24$0.2400Quarterly2023-06-13recurring
2023-03-01$0.2400Quarterly2023-03-17recurring
2022-11-22$0.2400Quarterly2022-12-08recurring
2022-08-17$0.2400Quarterly2022-09-08recurring
2022-05-25$0.2400Quarterly2022-06-14recurring
2022-03-02$0.2400Quarterly2022-03-18recurring
2021-11-23$0.2100Quarterly2021-12-09recurring
2021-08-19$0.2100Quarterly2021-09-09recurring
2021-05-26$0.2100Quarterly2021-06-14recurring
2021-03-03$0.2100Quarterly2021-03-19recurring
2020-11-24$0.2100Quarterly2020-12-10recurring
2020-08-19$0.1800Quarterly2020-09-09recurring
2020-05-21$0.1800Quarterly2020-06-10recurring
2020-03-04$0.1800Quarterly2020-03-20recurring
2019-11-20$0.1800Quarterly2019-12-06recurring
2019-08-21$0.1800Quarterly2019-09-06recurring
2019-03-06$0.1800Quarterly2019-03-22recurring
2018-11-21$0.1800Quarterly2018-12-07recurring
2018-08-22$0.1500Quarterly2018-09-07recurring
2018-05-24$0.1500Quarterly2018-06-08recurring
2018-03-07$0.1500Quarterly2018-03-23recurring
2017-11-21$0.1500Quarterly2017-12-08recurring
2017-08-23$0.1500Quarterly2017-09-08recurring
2017-05-23$0.1500Quarterly2017-06-09recurring
2017-03-07$0.1500Quarterly2017-03-24recurring
2016-11-21$0.1500Quarterly2016-12-09recurring
2016-08-18$0.1200Quarterly2016-09-06recurring
2016-05-26$0.1200Quarterly2016-06-13recurring
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