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.
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.
COPYRIGHT VIOLATION WARNING: This piece was published by WKRB News and is the sole property of of WKRB News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.wkrb13.com/2019/03/14/heartland-express-inc-htld-announces-quarterly-dividend-of-0-02.html.
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.
Featured Story: Investing in Dividend Stocks
Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.