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

Heartland Express, Inc. (NASDAQ:HTLD) announced a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders 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 0.85%.

Heartland Express has a dividend payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

HTLD opened at $9.44 on Friday. The business’s 50-day moving average price is $10.86 and its two-hundred day moving average price is $11.49. Heartland Express has a 1 year low of $9.11 and a 1 year high of $13.67. The company has a market capitalization of $741.51 million, a price-to-earnings ratio of -25.51 and a beta of 0.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.17.

Heartland Express (NASDAQ:HTLD) last released its earnings results on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 expect that Heartland Express will post 0.17 EPS 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.