Old Dominion Freight Line, Inc. (NASDAQ:ODFL) to Issue Quarterly Dividend of $0.28

Key Points

• Old Dominion Freight Line, Inc. has declared a quarterly dividend of $0.28 per share, with the payment date set for December 17th for stockholders of record on December 3rd.
• The company has a low payout ratio of 18.6%, indicating that its dividend is well-supported by earnings, with an expected future payout ratio of 16.7% for the next year.
• Currently, Old Dominion Freight Line's stock is trading at $135.86, down $5.16, and has a market capitalization of approximately $28.55 billion.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Wednesday, December 3rd will be given a dividend of 0.28 per share by the transportation company on Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, December 3rd.

Old Dominion Freight Line has a payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Old Dominion Freight Line to earn $6.69 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 16.7%.

Old Dominion Freight Line Stock Performance

Shares of ODFL stock traded down $5.16 during mid-day trading on Thursday, hitting $135.86. 2,089,305 shares of the stock were exchanged, compared to its average volume of 1,881,047. The stock's fifty day simple moving average is $145.03 and its two-hundred day simple moving average is $154.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.38. Old Dominion Freight Line has a 12-month low of $133.69 and a 12-month high of $233.26. The stock has a market capitalization of $28.55 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 3.41 and a beta of 1.19.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.02). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The firm's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.48 earnings per share. On average, analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current year.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.

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