Heartland Express, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Heartland Express (HTLD) announced a regular quarterly cash dividend of $0.02 per share, payable on December 17, 2021, to shareholders of record by the close of business on December 7, 2021. This marks the company's 74th consecutive quarterly dividend, bringing total cash dividends paid to approximately $536.3 million since the program's inception in 2003. A total of about $1.6 million will be distributed across the 79 million shares outstanding.

Positive

• Declaration of $0.02 per share dividend, enhancing shareholder income.
• 74 consecutive quarterly dividends signal strong company performance and reliability.

Negative

• None.

NORTH LIBERTY, Iowa, Nov. 22, 2021 (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 17, 2021 to shareholders of record at the close of business on December 7, 2021. 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-fourth consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $536.3 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