Heartland Express declares a $0.02 quarterly dividend, payable January 8, 2025, marking 86 consecutive distributions.
Quiver AI Summary
Heartland Express, Inc. announced a quarterly cash dividend of $0.02 per share, which will be paid on January 8, 2025, to shareholders who are on record by December 27, 2024. This marks the company's eighty-sixth consecutive dividend payment and is expected to amount to approximately $1.6 million across its 78.5 million shares of common stock. Since starting its dividend program in the third quarter of 2003, Heartland Express has distributed a total of $555.2 million in cash dividends, including four special dividends. The release also mentions that it contains forward-looking statements that involve risks and uncertainties, with no obligation for the company to update these statements. For more information, the press release provides contact details for the CEO and CFO.
Potential Positives
- The declaration of a quarterly cash dividend demonstrates the company's continued financial stability and commitment to returning value to shareholders.
- This marks the eighty-sixth consecutive quarterly cash dividend, indicating a strong track record of consistent performance and reliability in dividend payments.
- The total cash dividends paid to date amount to $555.2 million, reflecting the company's long-term commitment to its shareholders since the inception of its dividend program in 2003.
- The planned dividend payment of $0.02 per share signifies ongoing profitability and a positive outlook for the company's financial health.
Potential Negatives
- The declaration of a relatively low quarterly cash dividend of $0.02 per share may signal to investors a lack of robust financial growth or cash flow, possibly raising concerns about the company's overall profitability.
- The need to include a disclaimer about forward-looking statements suggests potential uncertainty regarding the company's future performance, which could create doubt among investors.
- By issuing a dividend, the company may be perceived as prioritizing short-term returns to shareholders over reinvestment in growth opportunities, which can be viewed negatively by some investors.
FAQ
What is the quarterly cash dividend declared by Heartland Express?
Heartland Express declared a quarterly cash dividend of $0.02 per share.
When will the dividend be paid to shareholders?
The dividend will be paid on January 8, 2025, to shareholders of record at the close of business on December 27, 2024.
How many consecutive quarterly cash dividends has Heartland Express paid?
This announcement marks Heartland Express's eighty-sixth consecutive quarterly cash dividend.
What is the total amount of cash dividends paid by Heartland Express?
Heartland Express has paid a total of $555.2 million in cash dividends since the program began in 2003.
Who can be contacted for more information about the press release?
For more information, contact Michael J. Gerdin, CEO, or Christopher A. Strain, CFO at Heartland Express.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HTLD Congressional Stock Trading
Members of Congress have traded $HTLD stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $HTLD stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 07/26.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$HTLD Insider Trading Activity
$HTLD insiders have traded $HTLD stock on the open market 7 times in the past 6 months. Of those trades, 7 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $HTLD stock by insiders over the last 6 months:
- S. GERDIN REVOCABLE TRUST ANN purchased 49,506 shares.
- MICHAEL J GERDIN (Chief Executive Officer) has traded it 6 times. They made 6 purchases, buying 166,878 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HTLD Hedge Fund Activity
We have seen 84 institutional investors add shares of $HTLD stock to their portfolio, and 104 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AMERICAN CENTURY COMPANIES INC removed 866,545 shares (-28.0%) from their portfolio in Q3 2024
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 814,060 shares (-100.0%) from their portfolio in Q3 2024
- GW&K INVESTMENT MANAGEMENT, LLC removed 635,957 shares (-99.8%) from their portfolio in Q3 2024
- RAYMOND JAMES & ASSOCIATES removed 605,175 shares (-100.0%) from their portfolio in Q2 2024
- WEISS ASSET MANAGEMENT LP added 540,226 shares (+inf%) to their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 538,931 shares (+inf%) to their portfolio in Q3 2024
- GATE CITY CAPITAL MANAGEMENT, LLC added 405,175 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NORTH LIBERTY, Iowa, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Heartland Express, Inc. (Nasdaq: HTLD) announced today the declaration of a regular quarterly cash dividend. The $0.02 per share dividend will be paid on January 8, 2025, to shareholders of record at the close of business on December 27, 2024. We currently estimate that a total of approximately $1.6 million will be paid on the Company's 78.5 million shares of common stock. This is the Company's eighty-sixth consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $555.2 million in cash dividends, including four special dividends since the dividend program was implemented in the third quarter of 2003.
The press release may contain forward-looking statements, which are based on information currently available. These statements and assumptions involve certain risks and uncertainties. Actual events may differ from these expectations as specified from time to time in filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement to the extent it becomes aware that it will not be achieved for any reason.
For further information contact
Michael J. Gerdin, CEO
Christopher A. Strain, CFO
Heartland Express, Inc.
319-645-7060
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
