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, to be paid on April 1, 2021, for shareholders of record as of March 22, 2021. This marks the 71st consecutive quarterly cash dividend, bringing the total cash dividends paid to approximately $492.0 million since the inception of the program in 2003. The estimated payout for this dividend is around $1.6 million, based on the company's 80.1 million shares outstanding.

Positive

• 71 consecutive quarterly cash dividends demonstrate company stability and commitment to returning value to shareholders.
• Total dividends paid of approximately $492.0 million highlight the company's long-term shareholder value focus.

Negative

• None.

NORTH LIBERTY, Iowa, March 12, 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 April 1, 2021 to shareholders of record at the close of business on March 22, 2021. We currently estimate that a total of approximately $1.6 million will be paid on the Company's 80.1 million shares of common stock. This is the Company's seventy-first consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $492.0 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 for Heartland Express (HTLD) in 2021?

Heartland Express has declared a dividend of $0.02 per share.

When will the dividend for HTLD be paid?

The dividend will be paid on April 1, 2021.

What is the record date for the HTLD dividend?

The record date for the dividend is March 22, 2021.

How long has Heartland Express been paying dividends?

Heartland Express has paid dividends for 71 consecutive quarters.

What total amount of dividends has HTLD paid since 2003?

Heartland Express has paid approximately $492.0 million in cash dividends since the program began in 2003.