Heartland Express, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Heartland Express (Nasdaq: HTLD) has declared a quarterly cash dividend of $0.02 per share. This dividend will be distributed on April 7, 2023, to shareholders on record as of March 28, 2023. The anticipated total payout is approximately $1.6 million across the company's 79.0 million shares. This marks the 79th consecutive quarterly cash dividend, bringing the total cash dividends paid to $544.2 million since the program's inception in 2003.

Positive

• Declaration of a $0.02 per share dividend, providing income to shareholders.
• 79 consecutive quarterly dividends indicate strong financial stability and commitment to returning value.
• Total cash dividends paid reaching $544.2 million demonstrate a long-term commitment to shareholder returns.

Negative

• None.

NORTH LIBERTY, Iowa, March 17, 2023 (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 7, 2023, to shareholders of record at the close of business on March 28, 2023. 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-ninth consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $544.2 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

What is the dividend amount declared by Heartland Express (HTLD)?

Heartland Express declared a dividend of $0.02 per share.

When will the dividend be paid to shareholders of Heartland Express (HTLD)?

The dividend will be paid on April 7, 2023.

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

The record date for the dividend payment is March 28, 2023.

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

Heartland Express has paid a total of $544.2 million in cash dividends since 2003.

How many consecutive quarters has Heartland Express (HTLD) paid dividends?

Heartland Express has paid dividends for 79 consecutive quarters.