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

Heartland Express, Inc. (NASDAQ:HTLDGet Free Report) announced a quarterly dividend on Friday, March 13th. Stockholders 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) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, March 24th.

Heartland Express has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. 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 Up 0.3%

Shares of NASDAQ:HTLD opened at $9.53 on Friday. The stock has a 50-day simple moving average of $10.74 and a 200-day simple moving average of $9.21. The stock has a market capitalization of $738.15 million, a P/E ratio of -14.01 and a beta of 1.13. Heartland Express has a 1 year low of $6.99 and a 1 year high of $12.13. 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:HTLDGet Free Report) last posted its quarterly earnings results on Monday, February 9th. The transportation company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $157.68 million for the quarter, compared to analyst estimates of $194.54 million. Heartland Express had a negative net margin of 6.51% and a negative return on equity of 4.79%. Heartland Express’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) earnings per share. Equities analysts forecast that Heartland Express will post 0.17 earnings per share 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.

See Also

Dividend History for Heartland Express (NASDAQ:HTLD)

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