Heartland Express: Dividend Insights
Portfolio Pulse from Benzinga Insights
Heartland Express (NASDAQ:HTLD) has announced a quarterly dividend of 2 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 2 cents lower. Shareholders who own HTLD as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 05, 2023.
September 19, 2023 | 2:45 pm
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Heartland Express has announced a quarterly dividend of 2 cents per share. The stock will likely open 2 cents lower on the ex-dividend date.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, Heartland Express's stock is expected to open 2 cents lower on the ex-dividend date.
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