Old Dominion Freight Line, Inc. (ODFL) to Distribute Quarterly Dividend of $0.28 on December 17th

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

Old Dominion Freight Line has increased its dividend payment by an average of 0.4%per year over the last three years and has increased its dividend every year for the last 5 years. Old Dominion Freight Line has a dividend 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 Trading Up 0.2%

Shares of Old Dominion Freight Line stock opened at $135.21 on Monday. The business has a fifty day simple moving average of $137.50 and a 200-day simple moving average of $150.50. The firm has a market cap of $28.27 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 3.22 and a beta of 1.22. Old Dominion Freight Line has a fifty-two week low of $126.01 and a fifty-two week high of $227.00. The company has a quick ratio of 1.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. Old Dominion Freight Line had a net margin of 18.97% and a return on equity of 24.92%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the company earned $1.43 EPS. Old Dominion Freight Line’s revenue was down 4.3% on a year-over-year basis. On average, equities analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current fiscal year.

Institutional Trading of Old Dominion Freight Line

Institutional investors have recently bought and sold shares of the company. Financial Gravity Companies Inc. bought a new stake in shares of Old Dominion Freight Line during the 2nd quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Old Dominion Freight Line by 175.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock valued at $27,000 after buying an additional 123 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Old Dominion Freight Line by 100.0% in the third quarter. Westside Investment Management Inc. now owns 196 shares of the transportation company’s stock worth $27,000 after buying an additional 98 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Old Dominion Freight Line in the second quarter worth about $28,000. Finally, Raiffeisen Bank International AG bought a new position in shares of Old Dominion Freight Line in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

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.