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

Heartland Express, Inc. (NASDAQ:HTLD) declared a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Tuesday, March 25th will be paid a dividend of 0.02 per share by the transportation company on Friday, April 4th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.85%.

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

Shares of Heartland Express stock opened at $9.44 on Friday. Heartland Express has a one year low of $9.11 and a one year high of $13.67. The company has a market cap of $741.51 million, a PE ratio of -25.51 and a beta of 0.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.08. The business has a 50-day simple moving average of $10.90 and a 200-day simple moving average of $11.52.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.02) EPS for the quarter, topping 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%. On average, equities research analysts forecast 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.