Old Dominion Freight Line, Inc. (ODFL) to Issue Quarterly Dividend of $0.29 on September 16th

Posted by Geri Gentry on Jul 25th, 2026

Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Wednesday, September 2nd will be given a dividend of 0.29 per share by the transportation company on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 2nd.

Old Dominion Freight Line has increased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Old Dominion Freight Line has a payout ratio of 19.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Old Dominion Freight Line to earn $6.50 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 17.8%.

Old Dominion Freight Line Stock Up 1.0%

ODFL opened at $232.99 on Friday. The company has a market cap of $48.45 billion, a PE ratio of 48.74, a price-to-earnings-growth ratio of 4.16 and a beta of 1.18. Old Dominion Freight Line has a twelve month low of $126.01 and a twelve month high of $252.03. The company has a 50-day moving average price of $225.49 and a 200 day moving average price of $204.77.

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.09. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $1.19 EPS. Old Dominion Freight Line’s revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Old Dominion Freight Line will post 5.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ODFL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Old Dominion Freight Line in a research note on Friday, July 10th. Robert W. Baird set a $229.00 price objective on Old Dominion Freight Line and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Benchmark restated a “hold” rating on shares of Old Dominion Freight Line in a report on Thursday, June 4th. Susquehanna lifted their target price on shares of Old Dominion Freight Line from $224.00 to $228.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of “Hold” and an average price target of $223.04.

Check Out Our Latest Stock Report on Old Dominion Freight Line

Old Dominion Freight Line Company Profile

(Get Free Report)

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.