Old Dominion Freight Line, Inc. (NASDAQ:ODFL) To Issue Quarterly Dividend On December 16, 2020

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) declared quarterly dividend of $ 0.15 per share, or $ 0.60 annualized.

The dividend will be payable on December 16, 2020, to stockholders of record on December 2, 2020, with an ex-dividend date of December 1, 2020.

After giving effect to the Companys March 2020 three-for-two stock split, this dividend represents a 32.4 percent increase over the dividend paid in December 2019.

Dividends History

Click Here For More Historical Dividends Of Old Dominion Freight Line, Inc.

Old Dominion Freight Line, Inc. recently reported second quarter financial results on July 30, 2020, before market open, the Thomasville based company recorded income for the second quarter of $ 1.25 per share, from the revenue of $ 896.21 million. The quarterly earnings contracted 13.19 percent while revenues lowered 15.51 percent compared with the same quarter last year.
Wall street analysts are predicting, ODFL to report 2Q20 income of $ 1.07 per share from revenue of $ 897.39 million. The bottom line results beat street analysts by $ 0.18 or 16.82 percent, at the same time, top line results fell short of analysts by $ 1.18 million or 0.13 percent.

Stock Performance

Shares of Old Dominion Freight Line, Inc. traded up $ 0.90 or 0.46 percent on Friday, reaching $ 197.06 with volume of 3.00 thousand shares. The stock opened positive for the day at $ 197.14, after closing the previous day trading at $ 196.16.

According to the previous trading day, closing price of $ 196.16, representing a 85.41 % increase from the 52 week low of $ 105.80 and a 5.44 % decrease over the 52 week high of $ 207.44.

The company has a market capital of $ 23.12 billion and is part of the Industrials sector and Trucking industry.

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation.