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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Forward AirFWRD +4.29%56 Dividend Yield % is 0.00% as of Aug. 04, 2026. GuruFocus rates FWRD with a GF Score™ of 56/100 and a GF Value™ of $32.72 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 659 Transportation companies, Forward Air ranks worse than 151744.92% on this metric.
As of today (2026-08-04), the Trailing Annual Dividend Yield of Forward Air is 0.00%.
The historical rank and industry rank for Forward Air's Dividend Yield % or its related term are showing as below:
During the past 13 years, the highest Dividend Yield of Forward Air was 5.84%. The lowest was 0.00%. And the median was 1.03%.
FWRD's Dividend Yield % is not ranked *
in the Transportation industry.
Industry Median: 3.03 * Ranked among companies with meaningful Dividend Yield % only.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Forward Air was 19.70% per year. The lowest was 0.00% per year. And the median was 8.50% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Forward Air (NAS:FWRD) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
The historical data trend for Forward Air's Dividend Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FWRD vs RLGT, CYRX, PAL: Dividend Yield % Comparison
For the Integrated Freight & Logistics subindustry, Forward Air's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Forward Air Dividend Yield % vs Transportation Industry
For the Transportation industry and Industrials sector, Forward Air's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Forward Air's Dividend Yield % falls into.
Forward Air (FWRD) has a Dividend Yield % of 0.00% as of Aug. 04, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Forward Air and its competitors. According to the industry distribution chart, Forward Air ranks #999999 out of 659 companies in the Transportation industry.
Is Forward Air's Dividend Yield % too high?
Forward Air's current Dividend Yield % is 0.00%. Based on the distribution chart, Forward Air ranks #999999 out of 659 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Forward Air has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Air's Dividend Yield % compare to RLGT and CYRX?
According to the Transportation industry distribution chart, Forward Air ranks #999999 out of 659 companies for Dividend Yield %. This places Forward Air in the lower half of its industry. The industry median Dividend Yield % is 3.03. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Yield % for a Transportation company?
The median Dividend Yield % among Transportation companies is 3.03, based on 659 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Forward Air and its competitors. For the Transportation industry, the median Dividend Yield % is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Air's current Dividend Yield % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Air stock overvalued right now?
Based on GuruFocus' analysis, Forward Air (FWRD) is currently considered Possible Value Trap. The stock's GF Value™ is $32.72, compared to a current price of $15.30 — trading 53.2% below its estimated fair value. The current Dividend Yield % is 0.00%. Forward Air's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Forward Air (FWRD), the current Dividend Yield % is 0.00% as of Aug. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Forward Air (FWRD) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Air stock appears to be undervalued.
The current stock price of $15.30 is trading 53.2% below its estimated GF Value™ of $32.72.
GuruFocus considers Forward Air to be Possible Value Trap.
Key valuation signals for FWRD:
Dividend Yield %: 0.00%
GF Value™: $32.72 vs. price of $15.30 (53.2% below fair value)
No single metric tells the full story. See the FWRD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate. The company generates maximum revenue from the Omni Logistics segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in North and South America, Europe, and Asia.
56GF Score
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