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

Heartland Express, Inc. (NASDAQ:HTLD) announced a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 24th will be given 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% meaning 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 Stock Performance

Heartland Express stock traded up $0.03 during mid-day trading on Friday, reaching $9.53. 436,185 shares of the company were exchanged, compared to its average volume of 580,734. The firm’s 50-day simple moving average is $10.73 and its two-hundred day simple moving average is $9.21. Heartland Express has a twelve month low of $6.99 and a twelve month high of $12.13. The firm has a market cap of $738.19 million, a PE ratio of -14.01 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.04 and a current ratio of 1.04.

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

Heartland Express Company Profile

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.