Monday, November 21, 2016, For Immediate Release Press Release
Heartland Express, Inc. Declares Regular Quarterly Dividend
NORTH LIBERTY, IOWA - November 21, 2016 - The Board of Directors of Heartland Express, Inc. (Nasdaq: HTLD) announced today the declaration of a regular quarterly cash dividend. The $0.02 per share dividend will be paid on December 16, 2016 to shareholders of record at the close of business on December 6, 2016. We currently estimate that a total of approximately $1.7 million will be paid on the Company's
83.3 million shares of common stock. This is the Company's fifty-fourth consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $464.1 million in cash dividends, including three special dividends since the dividend program was implemented in the third quarter of 2003.
The press release may contain forward-looking statements, which are based on information currently available. These statements and assumptions involve certain risks and uncertainties. Actual events may differ from these expectations as specified from time to time in filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement to the extent it becomes aware that it will not be achieved for any reason.
For further information contact Michael J. Gerdin, President and CEO
John P. Cosaert, ExecVP, CFO, and Treasurer Heartland Express, Inc.
319-626-3600
Heartland Express Inc. published this content on 21 November 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 November 2016 15:43:07 UTC.
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Heartland Express, Inc. is a holding company. The Company, together with its subsidiaries, is a short, medium and long-haul truckload carrier and transportation services provider. It primarily provides a nationwide asset-based dry van truckload service for various shippers across the United States, along with cross-border freight and other transportation services offered through third party partnerships in Mexico. The Companyâs primary customers include retailers, manufacturers and parcel carriers. Its over-the-road tractors are equipped with mobile communication systems. It operates 31 terminal facilities throughout the contiguous United States and one in Mexico. The Companyâs subsidiaries include Heartland Express, Inc. of Iowa, Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc., Midwest Holding Group, LLC, Millis Transfer, LLC, Smith Transport, Inc. and others.