Heartland Express, Inc. (HTLD) to Distribute Quarterly Dividend of $0.02 on October 7th

Heartland Express, Inc. (NASDAQ:HTLD) announced a quarterly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 25th will be paid a dividend of 0.02 per share by the transportation company on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 25th.

Heartland Express has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Heartland Express to earn $0.53 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 15.1%.

Heartland Express Stock Up 1.6%

Shares of Heartland Express stock opened at $11.83 on Wednesday. The business has a 50-day moving average price of $12.81 and a 200 day moving average price of $12.90. Heartland Express has a fifty-two week low of $6.99 and a fifty-two week high of $16.64. The firm has a market cap of $914.81 million, a P/E ratio of -42.25 and a beta of 1.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.18.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Wednesday, August 5th. The transportation company reported $0.14 EPS for the quarter. Heartland Express had a negative return on equity of 0.92% and a negative net margin of 2.98%.The company had revenue of $152.38 million during the quarter, compared to analyst estimates of $185.08 million. During the same quarter last year, the firm earned ($0.14) EPS. The business’s revenue was down 12.5% on a year-over-year basis. On average, sell-side analysts forecast that Heartland Express will post 0.19 earnings per share for the current fiscal year.

About Heartland Express

Heartland Express, Inc is a transportation and logistics company that provides asset-based truckload services in North America. The company primarily operates a fleet of dry van tractors and trailers, transporting general freight that does not require temperature control.

Its services include irregular-route and regional truckload transportation, dedicated freight, expedited shipping, and logistics support. Heartland Express serves customers across the United States and also provides cross-border transportation involving Canada and Mexico.

Founded in 1978, the company is headquartered in North Liberty, Iowa.