Heartland Express, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Heartland Express, Inc. (HTLD) has declared a quarterly cash dividend of $0.02 per share, scheduled for payment on October 7, 2022, to shareholders recorded by September 27, 2022. This payment will total approximately $1.6 million for the company's 79.0 million shares. With this announcement, Heartland maintains its commitment to returning value to investors, marking its seventy-seventh consecutive quarterly cash dividend. Since the inception of its dividend program in 2003, the company has disbursed $541.0 million in cash dividends.

Positive

• Declared quarterly cash dividend of $0.02 per share.
• Total dividend payment of approximately $1.6 million.
• Seventy-seventh consecutive quarterly cash dividend.
• Total cash dividends paid to date amount to $541.0 million.

Negative

• None.

NORTH LIBERTY, Iowa, Sept. 16, 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 October 7, 2022, to shareholders of record at the close of business on September 27, 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-seventh consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $541.0 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 for October 2022?

Heartland Express has declared a dividend of $0.02 per share for October 2022.

When will the dividend payment be made to shareholders?

The dividend will be paid on October 7, 2022.

What is the record date for shareholders to receive the dividend?

The record date for the dividend is September 27, 2022.

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

Heartland Express has paid a total of $541.0 million in cash dividends since 2003.

How many consecutive quarterly cash dividends has Heartland Express paid?

Heartland Express has paid 77 consecutive quarterly cash dividends.