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

Heartland Express, Inc. (NASDAQ:HTLDGet Free Report) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.02 per share by the transportation company on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 23rd.

Heartland Express has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Heartland Express to earn $0.50 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 16.0%.

Heartland Express Trading Down 0.1%

Heartland Express stock opened at $14.43 on Friday. Heartland Express has a 1 year low of $6.99 and a 1 year high of $16.64. The firm’s 50-day moving average is $13.67 and its 200-day moving average is $11.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $1.12 billion, a P/E ratio of -25.77 and a beta of 1.31.

Heartland Express (NASDAQ:HTLDGet Free Report) last announced its quarterly earnings data on Friday, April 24th. The transportation company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.07. The business had revenue of $153.81 million during the quarter, compared to the consensus estimate of $177.30 million. Heartland Express had a negative net margin of 5.69% and a negative return on equity of 3.70%. The company’s revenue for the quarter was down 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.18) EPS. On average, equities analysts expect that Heartland Express will post 0.04 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.

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Dividend History for Heartland Express (NASDAQ:HTLD)

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