Heartland Express, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Heartland Express (Nasdaq: HTLD) announced a quarterly cash dividend of $0.02 per share, to be paid on October 1, 2020. Shareholders of record by the close of business on September 21, 2020 will benefit from this dividend, totaling approximately $1.6 million for its 81.4 million shares outstanding. This marks the company's sixty-ninth consecutive quarterly cash dividend, contributing to a total of $488.8 million paid since the inception of the dividend program in 2003.

Positive

• Declaration of a quarterly cash dividend of $0.02 per share.
• Total dividend payout of approximately $1.6 million on 81.4 million shares.
• Sixty-ninth consecutive quarterly cash dividend demonstrates financial stability.
• Total cash dividends paid since 2003 reached $488.8 million.

Negative

• None.

NORTH LIBERTY, Iowa, Sept. 11, 2020 (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 1, 2020 to shareholders of record at the close of business on September 21, 2020.  We currently estimate that a total of approximately $1.6 million will be paid on the Company's 81.4 million shares of common stock.  This is the Company's sixty-ninth consecutive quarterly cash dividend.  With the payment of this dividend, the Company will have paid a total of $488.8 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 for Heartland Express (HTLD) announced in September 2020?

Heartland Express announced a cash dividend of $0.02 per share.

When will Heartland Express (HTLD) pay its dividend?

The dividend will be paid on October 1, 2020.

What is the record date for the Heartland Express (HTLD) dividend?

The record date for the dividend is September 21, 2020.

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

Heartland Express has paid a total of $488.8 million in dividends since 2003.

How many consecutive dividends has Heartland Express (HTLD) declared?

Heartland Express has declared sixty-nine consecutive quarterly cash dividends.