Heartland Express, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Heartland Express declared a quarterly cash dividend of $0.02 per share, set to be paid on April 5, 2022, to shareholders of record by March 25, 2022. This dividend represents a total payout of approximately $1.6 million across the company's 78.9 million shares. With this announcement, Heartland Express continues its strong history, marking the 75th consecutive quarterly dividend paid, accumulating to $537.8 million in cash dividends since the program's inception in 2003.

Positive

• Continues strong dividend history with 75 consecutive quarterly dividends.
• Total cash dividends paid reaches $537.8 million.
• Estimates $1.6 million to be distributed, reflecting company confidence in financial stability.

Negative

• None.

NORTH LIBERTY, Iowa, March 15, 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 April 5, 2022 to shareholders of record at the close of business on March 25, 2022. We currently estimate that a total of approximately $1.6 million will be paid on the Company's 78.9 million shares of common stock. This is the Company's seventy-fifth consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $537.8 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