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, to be paid on December 18, 2020, to shareholders on record by December 8, 2020. This marks the 70th consecutive quarterly dividend, reflecting the company's strong commitment to returning value to its investors. Overall, approximately $1.6 million will be distributed to shareholders, contributing to a total of $490.4 million paid in dividends since the program's inception in 2003.

Positive

• Declaration of a quarterly cash dividend of $0.02 per share.
• 70th consecutive quarterly dividend demonstrates consistent shareholder returns.
• Total dividends paid since 2003 reach $490.4 million, showcasing financial stability.

Negative

• None.

NORTH LIBERTY, Iowa, Nov. 23, 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 December 18, 2020 to shareholders of record at the close of business on December 8, 2020. We currently estimate that a total of approximately $1.6 million will be paid on the Company's 80.8 million shares of common stock. This is the Company's seventieth consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $490.4 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 has declared a dividend of $0.02 per share.

When will the dividend be paid to shareholders of HTLD?

The dividend will be paid on December 18, 2020.

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

Shareholders must be on record by December 8, 2020, to receive the dividend.

How many consecutive quarterly dividends has HTLD paid?

Heartland Express has paid 70 consecutive quarterly dividends.

What is the total amount of dividends paid by HTLD since 2003?

The total amount of dividends paid since 2003 is $490.4 million.