Old Dominion Freight Line's most recent quarterly dividend was on Feb 28, 2023 (ex-date) with a cash dividend payment of $0.4 per share. On an annualized basis, the company has a current payout of $1.3 per share. This brings the dividend yield to 0.42% based on its recent close price. The latest dividend has increased by $0.1, or 33% from the prior payment.
ODFL has a dividend yield of 0.42% which is lower than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 1.57%, Old Dominion Freight Line's dividend yield is 73% lower. The current dividend yield is more than the historical average of 0.3% of the last 5 years.
Old Dominion Freight Line has been paying dividends since 2017. ODFL has distributed three quarterly dividends in the past year. The annualized dividend per share has increased by 30% for the last twelve months. And since the stock price has gone up by 20% from a year ago, the dividend yield has increased by 8%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 28, 2023 | Mar 15, 2023 | Feb 1, 2023 | $0.4 | normal |
| Dec 6, 2022 | Dec 21, 2022 | Oct 20, 2022 | $0.3 | normal |
| Sep 6, 2022 | Sep 21, 2022 | Jul 21, 2022 | $0.3 | normal |
| May 31, 2022 | Jun 15, 2022 | May 19, 2022 | $0.3 | normal |
| Mar 1, 2022 | Mar 16, 2022 | $0.3 | normal | |
| Nov 30, 2021 | Dec 15, 2021 | Oct 21, 2021 | $0.2 | normal |
| Aug 31, 2021 | Sep 15, 2021 | Jul 22, 2021 | $0.2 | normal |
| Jun 1, 2021 | Jun 16, 2021 | May 20, 2021 | $0.2 | normal |
| Mar 2, 2021 | Mar 17, 2021 | $0.2 | normal | |
| Dec 1, 2020 | Dec 16, 2020 | Oct 23, 2020 | $0.15 | normal |
| Sep 1, 2020 | Sep 16, 2020 | Jul 23, 2020 | $0.15 | normal |
| Jun 2, 2020 | Jun 17, 2020 | May 21, 2020 | $0.15 | normal |
| Mar 3, 2020 | Mar 18, 2020 | Feb 6, 2020 | $0.153 | normal |
| Dec 3, 2019 | Dec 18, 2019 | Oct 17, 2019 | $0.113 | normal |
| Sep 3, 2019 | Sep 18, 2019 | Jul 17, 2019 | $0.113 | normal |
| Jun 4, 2019 | Jun 19, 2019 | May 15, 2019 | $0.113 | normal |
| Mar 5, 2019 | Mar 20, 2019 | Jan 30, 2019 | $0.113 | normal |
| Dec 6, 2018 | Dec 20, 2018 | Oct 31, 2018 | $0.087 | normal |
| Sep 5, 2018 | Sep 20, 2018 | Jul 18, 2018 | $0.087 | normal |
| Jun 5, 2018 | Jun 20, 2018 | May 16, 2018 | $0.087 | normal |
| Mar 5, 2018 | Mar 20, 2018 | Jan 31, 2018 | $0.087 | normal |
| Dec 5, 2017 | Dec 20, 2017 | Oct 30, 2017 | $0.067 | normal |
| Sep 1, 2017 | Sep 20, 2017 | Jul 19, 2017 | $0.067 | normal |
| Jun 2, 2017 | Jun 20, 2017 | May 17, 2017 | $0.067 | normal |
| Mar 2, 2017 | Mar 20, 2017 | Feb 2, 2017 | $0.067 | normal |
ODFL has a payout ratio of 10.6% which is higher than the industry average but lower than the Industrials sector and its peers average. If we compare it with the Industrials sector average of 27.8%, Old Dominion Freight Line's payout ratio is 62% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FDX Fedex Corp | 2.11% | $4.6 | 39.3% |
| WERN Werner Enterprises Inc | 1.18% | $0.52 | 14.9% |
| JBHT Hunt J B Transport Services Inc | 0.98% | $1.64 | 18.4% |
| KNX Knight-Swift Transportation Holdings Inc | 0.91% | $0.5 | 12.1% |
| ARCB Arcbest Corp | 0.57% | $0.48 | 3.9% |
| HTLD Heartland Express Inc | 0.51% | $0.08 | 4.9% |
| ODFL Old Dominion Freight Line Inc | 0.42% | $1.3 | 10.6% |
Yes, Old Dominion Freight Line has paid three dividends in the last twelve months. ODFL has been paying dividends since 2017.
ODFL's next dividend is scheduled on Jun 6, 2023 (ex-date).
Old Dominion Freight Line's last dividend ex-date was on Feb 28, 2023. The dividend amount was $0.4 per share.
On an annual basis ODFL pays $1.3 per share.
Currently Old Dominion Freight Line's dividend yield is 0.42%.
Old Dominion Freight Line pays four dividends per year.
Old Dominion Freight Line's dividend payout ratio is 10.6%.
Old Dominion Freight Line's dividend yield is less than the Industrials sector average.