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.
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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.
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.