Heartland Express, Inc.Continues Strong Dividend Payouts for Shareholders
NORTH LIBERTY, Iowa - The Board of Directors of Heartland Express, Inc.(Nasdaq: HTLD) has declared a regular quarterly cash dividend, reaffirming the company’s commitment to its shareholders.The $0.02 per share dividend will be paid on April 5, 2024, to shareholders of record as of March 26, 2024.This marks the eighty-third consecutive quarterly cash dividend for the company, totaling approximately $1.6 million on its 79.1 million shares of common stock.Since the dividend program’s inception in 2003, Heartland Express has paid out a total of $550.5 million in cash dividends, including four special dividends.
As of the writing of this article, Heartland Express Inc.has shown a strong dividend pay out ratio of 13.33 in the second quarter of 2023, demonstrating the company’s continued dedication to rewarding its shareholders.This also positions Heartland Express as having the highest 12-month dividend pay out ratio in the Transportation sector, further solidifying its standing in the industry.The Cumulative dividend pay out ratio ranking remained unchanged in the Second Quarter 2023 compared to the previous quarter.
With consistent dividend payouts and a commitment to shareholder value, Heartland Express, Inc.remains a reliable choice for investors seeking long-term growth and stability.
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