ODFL Old Dominion Freight Line dividend history, payout ratio & dates
Old Dominion Freight Line's most recent dividend was on Sep 4, 2024 (ex-date) with a cash dividend payment of $0.26 per share. On an annualized basis, the company has a current payout of $0.98 per share. This brings the dividend yield to 0.45% based on its recent close price.
Key dates
- ODFL last dividend date: Sep 4, 2024
ODFL dividend stats
vs. Industrials sector
Dividend yield
ODFL has a dividend yield of 0.45% which is lower than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 1.36%, Old Dominion Freight Line's dividend yield is 67% lower. The current dividend yield is more than the historical average of 0.4% of the last 5 years.
Dividend history
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 31% for the last twelve months. And since the stock price has gone up by 8% from a year ago, the dividend yield has increased by 21%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 4, 2024 | $0.26 | 0.5% |
| Jun 5, 2024 | $0.26 | 0.52% |
| Mar 5, 2024 | $0.26 | 0.4% |
| Dec 5, 2023 | $0.2 | 0.41% |
| Sep 5, 2023 | $0.2 | 0.35% |
| Jun 6, 2023 | $0.2 | 0.46% |
| Feb 28, 2023 | $0.2 | 0.38% |
| Dec 6, 2022 | $0.15 | 0.42% |
| Sep 6, 2022 | $0.15 | 0.4% |
| May 31, 2022 | $0.15 | 0.39% |
| Mar 1, 2022 | $0.15 | 0.29% |
| Nov 30, 2021 | $0.1 | 0.23% |
| Aug 31, 2021 | $0.1 | 0.26% |
| Jun 1, 2021 | $0.1 | 0.26% |
| Mar 2, 2021 | $0.1 | 0.29% |
| Dec 1, 2020 | $0.075 | 0.29% |
| Sep 1, 2020 | $0.075 | 0.28% |
| Jun 2, 2020 | $0.075 | 0.32% |
| Mar 3, 2020 | $0.077 | 0.38% |
| Dec 3, 2019 | $0.057 | 0.37% |
| Sep 3, 2019 | $0.057 | 0.4% |
| Jun 4, 2019 | $0.057 | 0.44% |
| Mar 5, 2019 | $0.057 | 0.38% |
| Dec 6, 2018 | $0.043 | 0.39% |
| Sep 5, 2018 | $0.043 | 0.31% |
| Jun 5, 2018 | $0.043 | 0.3% |
| Mar 5, 2018 | $0.043 | 0.31% |
| Dec 5, 2017 | $0.033 | 0.31% |
| Sep 1, 2017 | $0.033 | 0.3% |
| Jun 2, 2017 | $0.033 | 0.22% |
| Mar 2, 2017 | $0.033 | 0.11% |
Old Dominion Freight Line dividend payout ratio
Payout ratio
ODFL has a payout ratio of 17% which is lower than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 32.7%, Old Dominion Freight Line's payout ratio is 48% lower.
Total amount of dividends paid per financial year (from cash flow)
ODFL dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FDX Fedex Corp | 1.79% | $5.28 | 32.3% |
| WERN Werner Enterprises Inc | 1.42% | $0.56 | 76.7% |
| KNX Knight-Swift Transportation Holdings Inc | 1.1% | $0.62 | 258.3% |
| JBHT Hunt J B Transport Services Inc | 0.95% | $1.72 | 31% |
| HTLD Heartland Express Inc | 0.65% | $0.08 | N/A |
| ODFL Old Dominion Freight Line Inc | 0.45% | $0.98 | 17% |
| ARCB Arcbest Corp | 0.44% | $0.48 | 5.9% |
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 was ODFL's last dividend?
Old Dominion Freight Line's last dividend ex-date was on Sep 4, 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 $0.98 per share.
What is Old Dominion Freight Line's dividend yield?
Currently Old Dominion Freight Line's dividend yield is 0.45%.
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 17%.
Does Old Dominion Freight Line pay a good dividend?
Old Dominion Freight Line's dividend yield is less than the Industrials sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.