Frozen Food Express Declares Dividend, Announces Stock Repurchase
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The carrier currently has 17.6 million shares outstanding.
efrigerated carrier Frozen Food Express on Wednesday declared its first quarterly cash dividend since 1999 and authorized additional repurchases of its common stock.
The carrier will pay a 3-cent-per-share dividend to shareholders of record as of Nov. 22.
Stoney Stubbs, Frozen Food’s chief executive officer, said the company’s stock repurchase plan authorizes the buyback of about 320,000 of common shares.
Frozen Food Express is ranked No. 47 on the Transport Topics 100 list of U.S. and Canadian for-hire carriers.
