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

by · The Markets Daily

Heartland Express, Inc. (NASDAQ:HTLD – Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Friday, September 25th will be given 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 yield of 0.6%. 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. Equities research 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 Trading Up 0.6%

Shares of Heartland Express stock opened at $12.52 on Wednesday. The firm has a market capitalization of $968.17 million, a price-to-earnings ratio of -44.71 and a beta of 1.33. Heartland Express has a fifty-two week low of $6.99 and a fifty-two week high of $16.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a 50 day moving average of $13.12 and a 200 day moving average of $12.88.

Heartland Express (NASDAQ:HTLD – Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $185.08 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, research analysts predict that Heartland Express will post 0.19 earnings per share for the current year.

About Heartland Express

(Get Free Report)

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.

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