Heartland Express, Inc. (HTLD) Announces Quarterly Dividend of $0.02

Heartland Express, Inc. (NASDAQ:HTLD) announced a quarterly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors of record on Friday, March 22nd will be paid a dividend of 0.02 per share by the transportation company on Monday, April 1st. This represents a $0.08 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, March 21st.

Heartland Express has a payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Heartland Express to earn $0.99 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 8.1%.

Shares of NASDAQ HTLD opened at $20.52 on Thursday. Heartland Express has a 1 year low of $17.00 and a 1 year high of $21.66. The company has a market cap of $1.66 billion, a P/E ratio of 23.32, a PEG ratio of 1.42 and a beta of 0.76.

Heartland Express (NASDAQ:HTLD) last announced its earnings results on Tuesday, January 22nd. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. Heartland Express had a net margin of 11.90% and a return on equity of 12.23%. The firm had revenue of $147.00 million for the quarter, compared to analyst estimates of $152.69 million. During the same quarter last year, the business earned $0.07 earnings per share. Heartland Express’s revenue was down 11.3% compared to the same quarter last year. Analysts forecast that Heartland Express will post 0.95 EPS for the current year.

A number of analysts recently issued reports on HTLD shares. Stephens restated a “hold” rating and set a $21.00 target price on shares of Heartland Express in a research report on Sunday, January 27th. BidaskClub upgraded shares of Heartland Express from a “hold” rating to a “buy” rating in a research report on Tuesday, February 5th. Finally, Zacks Investment Research lowered shares of Heartland Express from a “buy” rating to a “hold” rating in a report on Friday, February 8th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $19.33.

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Heartland Express Company Profile

Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.

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Dividend History for Heartland Express (NASDAQ:HTLD)

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