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ODFL Old Dominion Freight Line dividend history, payout ratio & dates

Old Dominion Freight Line's most recent quarterly dividend was on Mar 5, 2024 (ex-date) with a cash dividend payment of $0.26 per share. On an annualized basis, the company has a current payout of $0.86 per share. This brings the dividend yield to 0.48% based on its recent close price. The latest dividend has increased by $0.06, or 30% from the prior payment.

Key dates

  • ODFL last dividend date: Mar 5, 2024
  • ODFL next dividend date: Not announced
ODFL dividend stats
DPS
$0.86
Dividend yield
0.49%
Payout ratio
15.1%
vs. Industrials sector
Dividend yield
1.4%
Payout ratio
31.7%

Dividend yield

What is Old Dominion Freight Line current dividend yield

ODFL has a dividend yield of 0.48% which is lower than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 1.4%, Old Dominion Freight Line's dividend yield is 66% lower. The current dividend yield is more than the historical average of 0.4% of the last 5 years.

Dividend history

What is ODFL dividend payout history and dates

Old Dominion Freight Line has been paying dividends since 2017. ODFL has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 32% for the last twelve months. And since the stock price has gone up by 19% from a year ago, the dividend yield has increased by 11%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 5, 2024 Mar 20, 2024 Jan 31, 2024 $0.26 normal
Dec 5, 2023 Dec 20, 2023 Oct 19, 2023 $0.2 normal
Sep 5, 2023 Sep 20, 2023 Jul 20, 2023 $0.2 normal
Jun 6, 2023 Jun 21, 2023 May 18, 2023 $0.2 normal
Feb 28, 2023 Mar 15, 2023 Feb 1, 2023 $0.2 normal
Dec 6, 2022 Dec 21, 2022 Oct 20, 2022 $0.15 normal
Sep 6, 2022 Sep 21, 2022 Jul 21, 2022 $0.15 normal
May 31, 2022 Jun 15, 2022 May 19, 2022 $0.15 normal
Mar 1, 2022 Mar 16, 2022 $0.15 normal
Nov 30, 2021 Dec 15, 2021 Oct 21, 2021 $0.1 normal
Aug 31, 2021 Sep 15, 2021 Jul 22, 2021 $0.1 normal
Jun 1, 2021 Jun 16, 2021 May 20, 2021 $0.1 normal
Mar 2, 2021 Mar 17, 2021 $0.1 normal
Dec 1, 2020 Dec 16, 2020 Oct 23, 2020 $0.075 normal
Sep 1, 2020 Sep 16, 2020 Jul 23, 2020 $0.075 normal
Jun 2, 2020 Jun 17, 2020 May 21, 2020 $0.075 normal
Mar 3, 2020 Mar 18, 2020 Feb 6, 2020 $0.077 normal
Dec 3, 2019 Dec 18, 2019 Oct 17, 2019 $0.057 normal
Sep 3, 2019 Sep 18, 2019 Jul 17, 2019 $0.057 normal
Jun 4, 2019 Jun 19, 2019 May 15, 2019 $0.057 normal
Mar 5, 2019 Mar 20, 2019 Jan 30, 2019 $0.057 normal
Dec 6, 2018 Dec 20, 2018 Oct 31, 2018 $0.043 normal
Sep 5, 2018 Sep 20, 2018 Jul 18, 2018 $0.043 normal
Jun 5, 2018 Jun 20, 2018 May 16, 2018 $0.043 normal
Mar 5, 2018 Mar 20, 2018 Jan 31, 2018 $0.043 normal
Dec 5, 2017 Dec 20, 2017 Oct 30, 2017 $0.033 normal
Sep 1, 2017 Sep 20, 2017 Jul 19, 2017 $0.033 normal
Jun 2, 2017 Jun 20, 2017 May 17, 2017 $0.033 normal
Mar 2, 2017 Mar 20, 2017 Feb 2, 2017 $0.033 normal

Old Dominion Freight Line dividend payout ratio

What is Old Dominion Freight Line dividend payout ratio compared to the sector

Payout ratio

ODFL has a payout ratio of 15.1% which is lower than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 31.7%, Old Dominion Freight Line's payout ratio is 52% lower.

Total amount of dividends paid per financial year (from cash flow)

ODFL dividend vs peer dividends

How does ODFL dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
FDX Fedex Corp 1.99% $5.04 28.8%
WERN Werner Enterprises Inc 1.54% $0.56 42.7%
KNX Knight-Swift Transportation Holdings Inc 1.25% $0.58 85.3%
JBHT Hunt J B Transport Services Inc 1.07% $1.7 26.7%
HTLD Heartland Express Inc 0.7% $0.08 N/A
ODFL Old Dominion Freight Line Inc 0.49% $0.86 15.1%
ARCB Arcbest Corp 0.44% $0.48 9.4%

Frequently asked questions

Does Old Dominion Freight Line pay a dividend?

Yes, Old Dominion Freight Line has paid four dividends in the last twelve months. ODFL has been paying dividends since 2017.

When is Old Dominion Freight Line's next dividend?

At this point we don't have a record of ODFL's next dividend date, but based on the current dividend schedule we project that it will likely be in June 2024.

When was ODFL's last dividend?

Old Dominion Freight Line's last dividend ex-date was on Mar 5, 2024. The dividend amount was $0.26 per share.

How much dividend does Old Dominion Freight Line pay (per share)?

On an annual basis ODFL pays $0.86 per share.

What is Old Dominion Freight Line's dividend yield?

Currently Old Dominion Freight Line's dividend yield is 0.48%.

How often does Old Dominion Freight Line pay dividends?

Old Dominion Freight Line pays four dividends per year.

What is Old Dominion Freight Line's dividend payout ratio?

Old Dominion Freight Line's dividend payout ratio is 15.1%.

Does Old Dominion Freight Line pay a good dividend?

Old Dominion Freight Line's dividend yield is less than the Industrials sector average.