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

Heartland Express, Inc. (NASDAQ:HTLD) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Tuesday, March 25th will be given a dividend of 0.02 per share by the transportation company on Friday, April 4th. This represents a $0.08 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Tuesday, March 25th.

Heartland Express has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Heartland Express to earn $0.77 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 10.4%.

Heartland Express Trading Down 0.6 %

HTLD stock opened at $9.28 on Friday. Heartland Express has a 1-year low of $9.11 and a 1-year high of $13.67. The firm has a market cap of $728.94 million, a P/E ratio of -25.08 and a beta of 0.80. The business’s 50 day moving average is $10.72 and its 200-day moving average is $11.39. The company has a current ratio of 1.08, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Heartland Express had a negative return on equity of 3.57% and a negative net margin of 2.84%. Equities analysts anticipate that Heartland Express will post 0.17 earnings per share for the current fiscal year.

Heartland Express Company Profile

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.