Old Dominion Freight Line (ODFL) will pay a dividend of 15 cents per share, down 2.2 percent from the previous quarter if adjusted for the recent stock split. In the first quarter the company raised its quarterly dividend by 35.3 percent to $0.23 per share, followed by a 2:3 stock split effective March 24, 2020. This resulted in a post split dividend of $0.15333 per share.

The next dividend of $0.15 per share is payable on June 17, 2020, to shareholders of record at the close of business on June 3, 2020. A new annualized dividend rate of 60 cents per share yields 0.4% at a stock price of $158.79.

Old Dominion Freight Line, Inc. is a leading, less-than-truckload (“LTL”), union-free motor carrier providing regional, inter-regional and national LTL services. The company's service offerings, which include expedited transportation, are provided through an network of service centers located throughout the continental United States. Through alliances, the company also provides LTL services throughout North America. In addition to its core LTL services, Old Dominion also offers other services including container drayage, truckload brokerage and supply chain consulting. Old Dominion Freight Line became a public company in 1991 and has paid a dividend since 2017.