Heartland Express (HTLD) Declares $0.02 Dividend
Heartland Express said on September 15, 2023 that its board of directors declared a regular quarterly dividend of $0.02 per share ($0.08 annualized). Previously, the company paid $0.02 per share.
Shareholders of record as of September 25, 2023 will receive the payment on October 5, 2023.
At the current share price of $15.28 / share, the stock's dividend yield is 0.52%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.46%, the lowest has been 0.36%, and the highest has been 0.62%. The standard deviation of yields is 0.06 (n=236).
The current dividend yield is 1.12 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.10. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 438 funds or institutions reporting positions in Heartland Express. This is a decrease of 26 owner(s) or 5.60% in the last quarter. Average portfolio weight of all funds dedicated to HTLD is 0.11%, a decrease of 9.83%. Total shares owned by institutions decreased in the last three months by 2.18% to 49,019K shares. 
The put/call ratio of HTLD is 0.21, indicating a bullish outlook.
Analyst Price Forecast Suggests 9.48% Upside
As of August 31, 2023, the average one-year price target for Heartland Express is 16.73. The forecasts range from a low of 13.13 to a high of $18.90. The average price target represents an increase of 9.48% from its latest reported closing price of 15.28.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Heartland Express is 1,247MM, a decrease of 1.50%. The projected annual non-GAAP EPS is 1.13.
What are Other Shareholders Doing?
American Century Companies holds 7,889K shares representing 9.98% ownership of the company. In it's prior filing, the firm reported owning 7,719K shares, representing an increase of 2.15%. The firm increased its portfolio allocation in HTLD by 0.81% over the last quarter.
ACMVX - Mid Cap Value Fund Investor Class holds 4,077K shares representing 5.16% ownership of the company. In it's prior filing, the firm reported owning 4,091K shares, representing a decrease of 0.34%. The firm increased its portfolio allocation in HTLD by 2.36% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,268K shares representing 4.13% ownership of the company. In it's prior filing, the firm reported owning 3,389K shares, representing a decrease of 3.71%. The firm decreased its portfolio allocation in HTLD by 3.75% over the last quarter.
ArrowMark Colorado Holdings holds 2,257K shares representing 2.86% ownership of the company. In it's prior filing, the firm reported owning 2,256K shares, representing an increase of 0.07%. The firm decreased its portfolio allocation in HTLD by 0.38% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,437K shares representing 1.82% ownership of the company. In it's prior filing, the firm reported owning 1,423K shares, representing an increase of 0.97%. The firm decreased its portfolio allocation in HTLD by 3.97% over the last quarter.
Heartland Express Background Information
(This description is provided by the company.)
Heartland Express is an irregular route truckload carrier based in North Liberty, Iowa serving customers with shipping lanes throughout the United States. Heartland focuses on medium to short haul regional freight, offering shippers industry leading on-time service so they can achieve their strategic goals for their customers.
Additional reading:
- For further information contact Michael J. Gerdin, CEO Christopher A. Strain, CFO Heartland Express, Inc.
- HEARTLAND EXPRESS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 OPERATING REVENUE $ 306,169 $ 187,821 $ 637,085 $ 339,097 OP
- For further information contact Michael J. Gerdin, CEO Christopher A. Strain, CFO Heartland Express, Inc.
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