Heartland Express, Inc. (NASDAQ:HTLD) Declares $0.02 Quarterly Dividend

Heartland Express, Inc. (NASDAQ:HTLDGet Free Report) announced a quarterly dividend on Thursday, May 14th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.02 per share by the transportation company on Monday, July 6th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 23rd.

Heartland Express has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Heartland Express to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 16.0%.

Heartland Express Price Performance

Shares of NASDAQ HTLD opened at $14.43 on Friday. Heartland Express has a twelve month low of $6.99 and a twelve month high of $16.64. The firm has a market cap of $1.12 billion, a P/E ratio of -25.77 and a beta of 1.31. The company has a 50 day moving average of $13.67 and a 200 day moving average of $11.41. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.20.

Heartland Express (NASDAQ:HTLDGet Free Report) last issued its earnings results on Friday, April 24th. The transportation company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.07. Heartland Express had a negative return on equity of 3.70% and a negative net margin of 5.69%.The business had revenue of $153.81 million for the quarter, compared to the consensus estimate of $177.30 million. The company’s revenue was down 19.7% compared to the same quarter last year. During the same period last year, the business posted ($0.18) EPS. As a group, research analysts expect that Heartland Express will post 0.04 EPS for the current fiscal year.

Heartland Express Company Profile

(Get Free Report)

Heartland Express, Inc (NASDAQ: HTLD) is a publicly traded truckload carrier headquartered in North Liberty, Iowa. The company specializes in full truckload transportation, offering dry-van services that connect shippers with customers across the continental United States. Its primary focus is on over-the-road freight movements, serving industries such as manufacturing, retail, and consumer goods.

Founded in 1978 as Heartland Motor Freight, the company has grown from a regional carrier into one of the larger U.S.

Further Reading

Dividend History for Heartland Express (NASDAQ:HTLD)

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