Old Dominion Freight Line: Dividend Insights
Portfolio Pulse from Benzinga Insights
Old Dominion Freight Line (NASDAQ:ODFL) announced a quarterly dividend of 40 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning ODFL stock by the end of Monday's session will be eligible for the dividend payout, which will be distributed on June 21, 2023.
June 01, 2023 | 2:47 pm
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Old Dominion Freight Line's stock will likely open 40 cents lower on Tuesday due to the ex-dividend date for the 40 cents per share quarterly dividend.
The ex-dividend date is when the stock price is adjusted to reflect the dividend payout. In this case, ODFL's stock will likely open 40 cents lower on Tuesday, as the market adjusts for the 40 cents per share dividend. This short-term price drop is expected and should not be a cause for concern for long-term investors.
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