Summary
Old Dominion Freight Line, Inc. (ODFL) announced on July 23, 2020, that its Board of Directors has declared a quarterly cash dividend. This action is a routine event for the company, demonstrating a commitment to returning value to shareholders. The dividend payment reflects the company's ongoing financial stability and confidence in its operational performance during a period of economic uncertainty. Investors should note the record and payment dates to ensure they are eligible for this distribution.
Key Highlights
- 1ODFL's Board of Directors declared a quarterly cash dividend of $0.15 per share.
- 2The dividend is payable on September 16, 2020.
- 3Shareholders of record as of the close of business on September 2, 2020, are eligible to receive the dividend.
- 4This announcement confirms the company's consistent practice of distributing dividends to its shareholders.
- 5The press release detailing the dividend declaration is attached as Exhibit 99.1.
Frequently Asked Questions
Old Dominion Freight Line, Inc. declared a quarterly cash dividend of $0.15 per share of common stock.
The dividend is scheduled to be paid on September 16, 2020.
Shareholders who are recorded as holders of ODFL common stock at the close of business on September 2, 2020, will be eligible to receive the dividend.
Yes, the declaration of a quarterly cash dividend is a consistent practice by ODFL's Board of Directors, indicating a regular return of capital to shareholders.