Heartland Express, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Heartland Express (HTLD) declared a quarterly cash dividend of $0.02 per share, to be paid on July 1, 2021. Shareholders of record by June 21, 2021 will receive this payment, totaling approximately $1.6 million based on the company's 80 million shares outstanding. This marks the 72nd consecutive quarterly dividend, bringing total cash dividends paid to $493.6 million since the program began in 2003.

Positive

• Consistent dividend payment demonstrates financial stability and shareholder return.
• The total dividends paid since 2003, amounting to $493.6 million, showcases the company's commitment to returning value to shareholders.

Negative

• None.

NORTH LIBERTY, Iowa, June 11, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Heartland Express, Inc. (Nasdaq: HTLD) announced today the declaration of a regular quarterly cash dividend. The $0.02 per share dividend will be paid on July 1, 2021 to shareholders of record at the close of business on June 21, 2021. We currently estimate that a total of approximately $1.6 million will be paid on the Company's 80.0 million shares of common stock. This is the Company's seventy-second consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $493.6 million in cash dividends, including three special dividends since the dividend program was implemented in the third quarter of 2003.

The press release may contain forward-looking statements, which are based on information currently available. These statements and assumptions involve certain risks and uncertainties. Actual events may differ from these expectations as specified from time to time in filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement to the extent it becomes aware that it will not be achieved for any reason.

For further information contact
Michael J. Gerdin, CEO
Christopher A. Strain, CFO
Heartland Express, Inc.
319-626-3600

FAQ

What is the dividend amount declared by Heartland Express (HTLD)?

Heartland Express declared a quarterly cash dividend of $0.02 per share.

When will the dividend be paid to shareholders of HTLD?

The dividend will be paid on July 1, 2021.

What is the record date for the HTLD dividend?

The record date for the dividend is June 21, 2021.

How much total cash dividends has HTLD paid since 2003?

Heartland Express has paid a total of $493.6 million in cash dividends since 2003.

Is the dividend payment from Heartland Express (HTLD) sustainable?

The company has a history of consistent dividend payments, which suggests a stable financial position.