Heartland Express, Inc. (HTLD) to Issue Quarterly Dividend of $0.02 on April 3rd

Heartland Express, Inc. (NASDAQ:HTLDGet Free Report) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.02 per share by the transportation company on Friday, April 3rd. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 24th.

Heartland Express has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Heartland Express to earn $0.77 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 10.4%.

Heartland Express Trading Up 0.7%

NASDAQ:HTLD opened at $9.65 on Friday. The company has a 50-day moving average price of $10.67 and a 200-day moving average price of $9.25. The stock has a market cap of $747.49 million, a price-to-earnings ratio of -14.19 and a beta of 1.13. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.20. Heartland Express has a 12 month low of $6.99 and a 12 month high of $12.13.

Heartland Express (NASDAQ:HTLDGet Free Report) last announced its quarterly earnings results on Monday, February 9th. The transportation company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. Heartland Express had a negative net margin of 6.51% and a negative return on equity of 4.79%. The company had revenue of $157.68 million for the quarter, compared to analysts’ expectations of $194.54 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. Heartland Express’s quarterly revenue was down 26.1% on a year-over-year basis. Equities analysts predict that Heartland Express will post 0.17 EPS for the current year.

About Heartland Express

(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.

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Dividend History for Heartland Express (NASDAQ:HTLD)

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