Heartland Express, Inc. Declares Regular Quarterly Dividend

The Board of Directors of Heartland Express announced a quarterly cash dividend of $0.02 per share, payable on July 1, 2020, to shareholders on record by June 19, 2020.

Rhea-AI Summary

The Board of Directors of Heartland Express announced a quarterly cash dividend of $0.02 per share, payable on July 1, 2020, to shareholders on record by June 19, 2020. This payment is estimated to total approximately $1.6 million, reflecting the company's commitment to returning value to its shareholders. This marks the sixty-eighth consecutive quarterly cash dividend, contributing to a total of $487.1 million distributed since the dividend program began in 2003.

Positive

• Quarterly cash dividend of $0.02 per share paid on July 1, 2020.
• Total of approximately $1.6 million estimated to be paid to shareholders.
• Sixty-eighth consecutive cash dividend payment, indicating consistent reliability.
• Total cash dividends paid since 2003 reached $487.1 million, demonstrating strong shareholder returns.

Negative

• None.

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NORTH LIBERTY, Iowa, June 09, 2020 (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 July 1, 2020 to shareholders of record at the close of business on June 19, 2020.  We currently estimate that a total of approximately $1.6 million will be paid on the Company's 81.4 million shares of common stock.  This is the Company's sixty-eighth consecutive quarterly cash dividend.  With the payment of this dividend, the Company will have paid a total of $487.1 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Heartland Express declared a dividend of $0.02 per share.

When will the dividend for HTLD be paid?

The dividend will be paid on July 1, 2020.

What is the record date for the HTLD dividend?

The record date for the dividend is June 19, 2020.

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

Heartland Express has paid a total of $487.1 million in cash dividends since the program started.

How many consecutive quarters has HTLD paid dividends?

Heartland Express has paid dividends for sixty-eight consecutive quarters.