Old Dominion Freight Line (NASDAQ:ODFL) announced a quarterly dividend on Thursday, February 8th, RTT News reports. Stockholders of record on Tuesday, March 6th will be given a dividend of 0.13 per share by the transportation company on Tuesday, March 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.40%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.10.

Old Dominion Freight Line (NASDAQ:ODFL) traded down $0.18 during midday trading on Friday, hitting $131.53. The stock had a trading volume of 182,387 shares, compared to its average volume of 615,281. Old Dominion Freight Line has a 52-week low of $80.56 and a 52-week high of $150.31. The stock has a market capitalization of $11,698.21, a PE ratio of 32.40 and a beta of 1.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44.

ODFL has been the topic of a number of recent research reports. Credit Suisse Group reissued an “outperform” rating and issued a $119.00 target price (up from $110.00) on shares of Old Dominion Freight Line in a research note on Thursday, October 12th. They noted that the move was a valuation call. KeyCorp reissued a “buy” rating and issued a $115.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, October 12th. Stifel Nicolaus reissued a “hold” rating and issued a $111.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, October 26th. Citigroup increased their target price on Old Dominion Freight Line from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, Buckingham Research increased their target price on Old Dominion Freight Line from $105.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Old Dominion Freight Line has a consensus rating of “Hold” and an average target price of $122.08.

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About Old Dominion Freight Line

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

Dividend History for Old Dominion Freight Line (NASDAQ:ODFL)

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