Heartland Express, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Heartland Express, Inc. (Nasdaq: HTLD) announced a quarterly cash dividend of $0.02 per share, payable on December 19, 2022, to shareholders of record by December 9, 2022. This is the seventy-eighth consecutive quarterly dividend, bringing the total cash dividends paid since 2003 to approximately $542.6 million. The estimated payout for this dividend amounts to $1.6 million across the company’s 79.0 million shares.

Positive

• Consistent dividend history with 78 consecutive quarterly cash dividends.
• Total cash dividends paid since 2003 amounts to $542.6 million.

Negative

• None.

NORTH LIBERTY, Iowa, Nov. 25, 2022 (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 December 19, 2022, to shareholders of record at the close of business on December 9, 2022. We currently estimate that a total of approximately $1.6 million will be paid on the Company's 79.0 million shares of common stock. This is the Company's seventy-eighth consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $542.6 million in cash dividends, including four 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.
319-645-7060

FAQ

What is the dividend amount declared by Heartland Express?

Heartland Express declared a dividend of $0.02 per share.

When will Heartland Express pay its dividend?

The dividend will be paid on December 19, 2022.

What is the record date for the dividend payment by Heartland Express?

The record date for the dividend is December 9, 2022.

How much total has Heartland Express paid in dividends since 2003?

Heartland Express has paid approximately $542.6 million in dividends since 2003.

How many shares are outstanding for Heartland Express?

Heartland Express has approximately 79.0 million shares outstanding.