Heartland Express, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Heartland Express (Nasdaq: HTLD) has declared a regular quarterly cash dividend of $0.02 per share. The dividend will be paid on July 5, 2024, to shareholders of record as of June 25, 2024. This marks the company's eighty-fourth consecutive quarterly cash dividend. The total payment is estimated to be around $1.6 million for its 79.1 million shares. Since the program's inception in Q3 2003, Heartland Express has paid $552.1 million in cash dividends, including four special dividends.

Positive

• Heartland Express declared a regular quarterly cash dividend of $0.02 per share.
• The upcoming dividend payment is scheduled for July 5, 2024.
• Shareholders of record by June 25, 2024, will receive the dividend.
• The company has consistently paid dividends for eighty-four consecutive quarters.
• An estimated total of $1.6 million will be paid out for 79.1 million shares.
• Heartland Express has paid a total of $552.1 million in dividends since 2003.

Negative

• The dividend amount remains at a modest $0.02 per share, potentially disappointing investors looking for higher payouts.

NORTH LIBERTY, Iowa, June 14, 2024 (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 July 5, 2024, to shareholders of record at the close of business on June 25, 2024. We currently estimate that a total of approximately $1.6 million will be paid on the Company's 79.1 million shares of common stock. This is the Company's eighty-fourth consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $552.1 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

When will Heartland Express pay the next dividend?

Heartland Express will pay the next dividend on July 5, 2024.

What is the dividend amount for Heartland Express?

The dividend amount for Heartland Express is $0.02 per share.

Who is eligible to receive Heartland Express's upcoming dividend?

Shareholders of record as of June 25, 2024, are eligible to receive the dividend.

How much will Heartland Express pay out in total dividends?

Heartland Express estimates a total payout of approximately $1.6 million.

How many consecutive quarterly dividends has Heartland Express paid?

Heartland Express has paid eighty-four consecutive quarterly dividends.

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

Heartland Express has paid a total of $552.1 million in dividends since 2003.